The McKinsey Quarterly has an interview with energy expert Daniel Yergin that covers major trends in energy supply and demand in the 21st Century, the “world of $100/barrel oil.” Some of his major points:
- Fracking may be here to stay for a generation or more
- The rivalry between the US & China for energy resources will be moderated by common interests in areas like the South China Sea
- Demand will shift from the West to the East, with conventional sources of energy remaining the chief sources of supply until at least mid-century
Worth a look.