Shale and structural change…

The graph above is from the IEA’s most recent energy report. No huge surprises for anyone reading this blog but the historical comparison is interesting. When someone tells you that offshore isn’t facing structural issues this graph would be a good data point to discuss. The IEA is also sounding more confident of shale becoming cash flow positive although as I have said I don’t think that is a big issue. My scepticism of plans that involve buying a load of ‘cheap’ offshore assets and waiting for ‘the inevitable’ recovery continues to grow…

One thought on “Shale and structural change…

  1. Would be interesting to see each of the above growth episodes as a percentage of prior global production. Also I wonder what the next one will be? There has to be a next one right?

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