- As energy demand recovers from the COVID crisis, we are discovering that there are signs of supply/demand tightness, with natural gas prices rallying robustly.
- In the past decade, shale oil & gas production gains helped to meet most of the global demand growth we experienced.
- There are some voices expressing hope for a repeat of last decade's energy supply scenario.
- There is to date very little evidence to suggest that higher oil & gas prices are helping to stimulate shale producers to increase drilling significantly.
- The unfolding energy crisis in Europe is set to spread to the rest of the world, even if to a much lesser extent, and the world economy will suffer.
For further details see:
Amid Growing Signs Of A Global Energy Crunch, Shale Offers False Hope