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Musings: PwC Says Shale Oil 'The Next Energy Revolution' - Really?

Rig Zone -- Economists with the worldwide accounting firm of PricewaterhouseCoopers LLP (PwC) have just published an interesting and thought-provoking analysis of the long-term impact of shale oil on the global economy. While one might question some of the shale oil production numbers that evolve from the PwC analysis, the final couple of pages of the report, which focus on "opportunities and challenges for governments and companies" and touch on topics we have been devoting significant thought to with respect to the implications of the growth in output from unconventional oil and gas plays, is what we found most intriguing.

PwC begins its report with a brief review of the history to date of shale oil and shale gas in the United States. The economists point out that shale oil production has grown


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Submitted Feb 24, 2013 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Musings: PwC Says Shale Oil 'The Next Energy Revolution' - Really? Back to Topics
REPLIES (newest first) Post a Reply
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Gas_Eyes
Champion Author Dallas

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Message Posted: Feb 25, 2013 9:38:33 AM

Shale is the answer to the US energy self sufficiency in the near future.
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humblepie
Champion Author Toledo

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Message Posted: Feb 24, 2013 6:13:47 AM

all show and no go
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greshams
Champion Author Cincinnati

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Message Posted: Feb 24, 2013 1:41:46 AM

all this talk of oil booms,energy revolution, why isn't the prices showing this.
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Vette1967
Champion Author Albany

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Message Posted: Feb 24, 2013 1:24:47 AM

Only if they do it safely and not pollute the land and water.
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wz
Champion Author Twin Cities

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Message Posted: Feb 24, 2013 1:22:41 AM

As fracking provides the shale oil and natural gas for the next energy revolution, that revolution will provide the stimulus for the economic recovery this country so desperately needs.
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arinkrat17
Champion Author Twin Cities

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Message Posted: Feb 24, 2013 1:19:54 AM

Ok
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TXGasPriceSpy
Champion Author Fort Worth

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Message Posted: Feb 24, 2013 1:18:27 AM

Oh frack!!!
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Mowerman08
Champion Author Milwaukee

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Message Posted: Feb 24, 2013 1:16:32 AM

maybe
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kd5kpd
Champion Author Texas

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Message Posted: Feb 24, 2013 1:13:25 AM

Possible but very doubtful.
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mcbrownie220
Sophomore Author Toledo

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Message Posted: Feb 24, 2013 1:12:55 AM

ok
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 24, 2013 1:11:54 AM

Ban fracking.
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DirtDauber
Champion Author San Antonio

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Message Posted: Feb 24, 2013 1:08:51 AM

Hello, I'm from the G....., and I'm here to help you.

Whether you need it or not.
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JaegerWMeister
Champion Author Twin Cities

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Message Posted: Feb 24, 2013 1:08:19 AM

a musing
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Thomtec
Champion Author Nashville

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Message Posted: Feb 24, 2013 1:08:04 AM

Not
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krobp46
Champion Author Milwaukee

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Message Posted: Feb 24, 2013 1:06:52 AM

Finally, someone is tired of making false predictions they are now making musings
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10k
Champion Author North Carolina

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Message Posted: Feb 24, 2013 1:06:47 AM

PricewaterhouseCoopers LLP..

i can hear them now: "hello, i'm from that big word ^ there, and we're here to help you."..

trust no one with a name longer than five letters, especially when they have those big ol' capital letters hanging off the end..snicker..
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Ron77095
Champion Author Houston

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Message Posted: Feb 24, 2013 1:04:55 AM

ok.
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VikingWoman
Champion Author Washington

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Message Posted: Feb 24, 2013 1:04:15 AM

Musings?

This article provoked images of a future earth with all the natural gas and oil deposits sucked from it's innards looking more prune-like than round.

Will earth remain on course as it orbits the sun?
There have already been an increase in earthquake activity in regions where they were relatively rare.
Will all this fracking cause massive shifting of the tectonic plates?

Is anyone looking into this possibility?

Food for thought.
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Feb 24, 2013 1:04:09 AM

They are wildly late with this story! Cancel my subscription! LOL!!
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abacus44
Champion Author Toms River

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Message Posted: Feb 24, 2013 1:01:44 AM

A report that's already 5-10 years out of date.
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nurdco
Champion Author Colorado Springs

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Message Posted: Feb 24, 2013 1:01:14 AM

Late NEWS... delinquent or Sleepy Hollow
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melvindale
Champion Author Michigan

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Message Posted: Feb 24, 2013 1:01:12 AM

Yes, really.

I do have an objection to one item in this article. E3: Prices could fall significantly. Yes, prices can fall. No, they will never again fall significantly. Oil producers rely on the high prices. If the price starts to fall, then production starts to shut down. this will follow so that gasoline will never fall below $3 a gallon, and in 5 years will never fall below $4 a gallon. By the year 2030, gasoline will never go below $5 a gallon ever again.

This is the same time frame for US energy independence.
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DrGasPain
All-Star Author Dallas

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Message Posted: Feb 24, 2013 12:57:10 AM

The next revolution? Its already firmly in place.
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yonasb
Champion Author Houston

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Message Posted: Feb 24, 2013 12:55:35 AM

as long as it provides liquidity, who cares
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Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 24, 2013 12:53:52 AM

Could be.
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Double_Golden
Champion Author San Francisco

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Message Posted: Feb 24, 2013 12:52:35 AM

who knows???
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unicornpmb
Champion Author Buffalo

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Message Posted: Feb 24, 2013 12:50:06 AM

Whatever.
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silvereb
Champion Author South Carolina

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Message Posted: Feb 24, 2013 12:49:28 AM

lets do this!
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Thomtec
Champion Author Nashville

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Message Posted: Feb 24, 2013 12:47:19 AM

When there is a new republican President not before!
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mastermariner
Champion Author Texas

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Message Posted: Feb 24, 2013 12:46:41 AM

Hope so
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moregas1966
Champion Author Columbus

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Message Posted: Feb 24, 2013 12:46:27 AM

no
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Feb 24, 2013 12:45:26 AM

It's a great idea
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silverfox63
Champion Author Michigan

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Message Posted: Feb 24, 2013 12:44:48 AM

It might be but time will tell.
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grt197
Champion Author Illinois

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Message Posted: Feb 24, 2013 12:44:26 AM

I CAN AGREE
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jethro5000
Champion Author Kentucky

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Message Posted: Feb 24, 2013 12:43:01 AM

Whatever...
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prassu2012
Champion Author Illinois

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Message Posted: Feb 24, 2013 12:41:26 AM

MAY BE
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bills299
Champion Author Atlanta

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Message Posted: Feb 24, 2013 12:39:47 AM

ok
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CarefreeVT
Champion Author Burlington

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Message Posted: Feb 24, 2013 12:38:51 AM

Research & Consumer Behavior Experts might have something to say about this.
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30mpg80
Champion Author Lexington

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Message Posted: Feb 24, 2013 12:36:24 AM

"Musings" or "newsings", which would be more interesting?
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E350
Sophomore Author Florida

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Message Posted: Feb 24, 2013 12:36:05 AM

Interesting
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cutter1330
Champion Author Oklahoma

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Message Posted: Feb 24, 2013 12:35:30 AM

Got to get them Dems out of the White House.
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tedjm1
Champion Author New York

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Message Posted: Feb 24, 2013 12:34:29 AM

They get paid big time for these reports. Are they to be believed any more than the average person?
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arb0526
Champion Author Greensboro

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Message Posted: Feb 24, 2013 12:34:28 AM

Wonderful
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bby
Champion Author Twin Cities

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Message Posted: Feb 24, 2013 12:33:43 AM

ok
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gmcgas
Champion Author Atlanta

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Message Posted: Feb 24, 2013 12:31:45 AM

show me real savings at pump.
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esquared
Champion Author Oklahoma City

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Message Posted: Feb 24, 2013 12:31:08 AM

Oh come now: define "significant thought!"
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pastorpaulcg
Champion Author Virginia

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Message Posted: Feb 24, 2013 12:29:59 AM

Not with Obama in the white house
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bobcatfan
Champion Author Kentucky

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Message Posted: Feb 24, 2013 12:29:11 AM

Really, accountants are trying to predict how the oil shale will create a "revolution". Got my doubts about this one.
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TheeRedRam
Champion Author Hartford

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Message Posted: Feb 24, 2013 12:28:47 AM

We shale see
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Cothrom
Champion Author South Carolina

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Message Posted: Feb 24, 2013 12:28:02 AM

Oh another "time will tell" but I bet it will fall through
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Dailyrun
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Message Posted: Feb 24, 2013 12:27:45 AM

maybe
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