June 6, 2013

YOUR NEXT CAR WILL BE A VOLT:

US shale gas to lead to lower oil prices (Ajay Makan, 6/03/13, Financial Times)

The US shale gas revolution "virtually guarantees" the end of oil's monopoly as a transport fuel paving the way for lower crude prices, according to Ed Morse, the commodities guru at Citi famed for calling the peak of the oil market in 2008.

While coal, natural gas and renewable fuels regularly substitute for each other in power generation, oil has traditionally been immune from price competition because of the lack of widely adopted alternatives to kerosene, diesel and petrol in plane, train and car engines.

But Mr Morse expects the lower gas prices and plentiful supplies unleashed by the US shale revolution to lead to the adoption of compressed natural gas and liquefied natural gas vehicles.


Posted by at June 6, 2013 5:19 AM
  

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