How the Energy Market will Change in the 21st Century

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.



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