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For IEA, shale has no long-term impact on oil price: Kemp
2013-11-14 03:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Shale will not significantly boost oil production or bring down prices in the long term, according to the International Energy Agency (IEA). The surprising findings are contained in the latest version of the agency's annual World Energy Outlook (WEO). Worldwide production of light tight oil (LTO) from shale and other formations requiring fracking is expected to grow from 2.0 million barrels per day in 2012 to just 5.8 million bpd by 2030, before declining slightly to 5.6 million bpd in 2035....
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