Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:03 PM

GasBuddy News Article

30
votes
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


Read the Full Article

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
Profile Pic
Gas_Eyes
Champion Author Dallas

Posts:2,857
Points:681,310
Joined:Mar 2011
Message Posted: Feb 25, 2013 9:38:33 AM

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

Posts:55,870
Points:2,924,990
Joined:Mar 2006
Message Posted: Feb 24, 2013 6:13:47 AM

all show and no go
Profile Pic
greshams
Champion Author Cincinnati

Posts:4,465
Points:927,065
Joined:Nov 2011
Message Posted: Feb 24, 2013 1:41:46 AM

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

Posts:8,395
Points:1,828,370
Joined:Jun 2009
Message Posted: Feb 24, 2013 1:24:47 AM

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

Posts:4,882
Points:1,828,895
Joined:Feb 2009
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.
Profile Pic
arinkrat17
Champion Author Twin Cities

Posts:8,626
Points:1,879,360
Joined:Aug 2009
Message Posted: Feb 24, 2013 1:19:54 AM

Ok
Profile Pic
TXGasPriceSpy
Champion Author Fort Worth

Posts:10,260
Points:2,019,425
Joined:Sep 2008
Message Posted: Feb 24, 2013 1:18:27 AM

Oh frack!!!
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,040
Points:1,746,415
Joined:Aug 2008
Message Posted: Feb 24, 2013 1:16:32 AM

maybe
Profile Pic
kd5kpd
Champion Author Texas

Posts:5,928
Points:1,933,655
Joined:Apr 2006
Message Posted: Feb 24, 2013 1:13:25 AM

Possible but very doubtful.
Profile Pic
mcbrownie220
Sophomore Author Toledo

Posts:225
Points:184,525
Joined:Jun 2012
Message Posted: Feb 24, 2013 1:12:55 AM

ok
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:10,473
Points:2,455,285
Joined:Feb 2007
Message Posted: Feb 24, 2013 1:11:54 AM

Ban fracking.
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:9,215
Points:2,180,615
Joined:Nov 2005
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.
Profile Pic
JaegerWMeister
Champion Author Twin Cities

Posts:1,314
Points:638,180
Joined:Mar 2012
Message Posted: Feb 24, 2013 1:08:19 AM

a musing
Profile Pic
Thomtec
Champion Author Nashville

Posts:4,866
Points:1,156,525
Joined:May 2011
Message Posted: Feb 24, 2013 1:08:04 AM

Not
Profile Pic
krobp46
Champion Author Milwaukee

Posts:5,195
Points:1,092,920
Joined:Sep 2011
Message Posted: Feb 24, 2013 1:06:52 AM

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

Posts:24,546
Points:2,804,325
Joined:May 2006
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..
Profile Pic
Ron77095
Champion Author Houston

Posts:5,486
Points:1,155,175
Joined:Sep 2011
Message Posted: Feb 24, 2013 1:04:55 AM

ok.
Profile Pic
VikingWoman
Champion Author Washington

Posts:3,809
Points:788,220
Joined:May 2012
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.
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:17,408
Points:2,110,240
Joined:Jul 2008
Message Posted: Feb 24, 2013 1:04:09 AM

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

Posts:5,752
Points:1,290,390
Joined:Jan 2011
Message Posted: Feb 24, 2013 1:01:44 AM

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

Posts:12,630
Points:2,245,890
Joined:Apr 2008
Message Posted: Feb 24, 2013 1:01:14 AM

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

Posts:1,438
Points:351,230
Joined:Jun 2011
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.
Profile Pic
DrGasPain
All-Star Author Dallas

Posts:527
Points:850,105
Joined:Mar 2011
Message Posted: Feb 24, 2013 12:57:10 AM

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

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Feb 24, 2013 12:55:35 AM

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

Posts:10,582
Points:2,435,610
Joined:Jul 2007
Message Posted: Feb 24, 2013 12:53:52 AM

Could be.
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:1,030,360
Joined:Aug 2011
Message Posted: Feb 24, 2013 12:52:35 AM

who knows???
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,924
Points:2,182,095
Joined:Sep 2005
Message Posted: Feb 24, 2013 12:50:06 AM

Whatever.
Profile Pic
silvereb
Champion Author South Carolina

Posts:2,168
Points:755,770
Joined:May 2011
Message Posted: Feb 24, 2013 12:49:28 AM

lets do this!
Profile Pic
Thomtec
Champion Author Nashville

Posts:4,866
Points:1,156,525
Joined:May 2011
Message Posted: Feb 24, 2013 12:47:19 AM

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

Posts:12,572
Points:1,026,420
Joined:Jun 2011
Message Posted: Feb 24, 2013 12:46:41 AM

Hope so
Profile Pic
moregas1966
Champion Author Columbus

Posts:2,057
Points:426,870
Joined:Dec 2012
Message Posted: Feb 24, 2013 12:46:27 AM

no
Profile Pic
camaro_man
Champion Author Kitchener-Waterloo

Posts:4,675
Points:1,163,055
Joined:Jun 2010
Message Posted: Feb 24, 2013 12:45:26 AM

It's a great idea
Profile Pic
silverfox63
Champion Author Michigan

Posts:10,324
Points:2,112,850
Joined:Oct 2008
Message Posted: Feb 24, 2013 12:44:48 AM

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

Posts:2,141
Points:506,930
Joined:Jan 2013
Message Posted: Feb 24, 2013 12:44:26 AM

I CAN AGREE
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,312
Points:940,160
Joined:Jun 2005
Message Posted: Feb 24, 2013 12:43:01 AM

Whatever...
Profile Pic
prassu2012
Champion Author Illinois

Posts:2,858
Points:686,090
Joined:Dec 2012
Message Posted: Feb 24, 2013 12:41:26 AM

MAY BE
Profile Pic
bills299
Champion Author Atlanta

Posts:5,740
Points:1,450,010
Joined:May 2005
Message Posted: Feb 24, 2013 12:39:47 AM

ok
Profile Pic
CarefreeVT
Champion Author Burlington

Posts:2,079
Points:352,795
Joined:Aug 2012
Message Posted: Feb 24, 2013 12:38:51 AM

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

Posts:14,164
Points:2,040,230
Joined:Nov 2008
Message Posted: Feb 24, 2013 12:36:24 AM

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

Posts:118
Points:12,350
Joined:Jul 2005
Message Posted: Feb 24, 2013 12:36:05 AM

Interesting
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:9,960
Points:2,223,710
Joined:Jul 2005
Message Posted: Feb 24, 2013 12:35:30 AM

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

Posts:5,609
Points:801,050
Joined:Dec 2006
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?
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Feb 24, 2013 12:34:28 AM

Wonderful
Profile Pic
bby
Champion Author Twin Cities

Posts:7,901
Points:1,560,935
Joined:Nov 2009
Message Posted: Feb 24, 2013 12:33:43 AM

ok
Profile Pic
gmcgas
Champion Author Atlanta

Posts:8,454
Points:2,266,690
Joined:Mar 2004
Message Posted: Feb 24, 2013 12:31:45 AM

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

Posts:9,971
Points:2,428,120
Joined:Jan 2006
Message Posted: Feb 24, 2013 12:31:08 AM

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

Posts:3,615
Points:776,835
Joined:Dec 2010
Message Posted: Feb 24, 2013 12:29:59 AM

Not with Obama in the white house
Profile Pic
bobcatfan
Champion Author Kentucky

Posts:3,286
Points:1,120,070
Joined:Apr 2011
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.
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,497
Points:1,219,870
Joined:Jun 2011
Message Posted: Feb 24, 2013 12:28:47 AM

We shale see
Profile Pic
Cothrom
Champion Author South Carolina

Posts:3,450
Points:1,255,385
Joined:Sep 2005
Message Posted: Feb 24, 2013 12:28:02 AM

Oh another "time will tell" but I bet it will fall through
Post a reply Back to Topics