Oil giant BP has released its annual energy outlook.
With oil falling to a fraction of its former value and BP itself forced to announce thousands of job losses some had expected a bleak outlook for the industry.
It also comes in the wake of a global deal to cut fossil fuel use in order to limit climate change to between 1.5 and 2 degrees.
The well-regarded study, however, suggests none of these issues are likely to have any significant impact.
Having spent months carefully analysing the latest data, BP’s chief economist Spencer Dale forecast that we are in fact on the brink of a new oil & gas boom led by US shale.
The low oil price will do nothing at all to hinder US oil & gas production – says the US oil and gas producer
According to BP’s analysts, tales of the rise of batte... Read more >