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Shale oil surge poses threat to renewable energy, PwC warns

The Guardian -- Green groups warn against huge shale oil risks as report finds it could comprise 12 per cent of oil production in 2035

A worldwide expansion of relatively cheap shale oil could put investment in renewable energy and global emissions targets under threat, as well as posing other environmental risks.

The shale oil industry is still in its infancy, but has the potential to reach up to 12 per cent of global production, potentially pushing down oil prices by as much as $50 per barrel by 2035, according to a new report by consultancy firm PwC.

Lower oil prices are more likely to extend production rather than simply increase it, but this could make alternative low carbon technologies less attractive, Jonathan Grant, director of sustainability and climate change at PwC, told BusinessGreen.


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Submitted Feb 17, 2013 By: LetemEatCake
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale oil surge poses threat to renewable energy, PwC warns Back to Topics
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Feb 19, 2013 11:04:14 PM


Your welcome Pops!

The truth is that few GB's have the cajones to submit articles that don't follow their doctrine to a T-bag.
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drpepperTX
Champion Author Texas

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Message Posted: Feb 19, 2013 1:02:48 AM

You are very welcome Cakes! And thank you Cakes! Posting an article that exposes the real reason for the witch hunts on hydraulic fracturing is a great step toward admitting the truth.

The truth shall set you free!
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Feb 17, 2013 10:37:16 PM



Thanks all for your comments!
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mastermariner
Champion Author Texas

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Message Posted: Feb 17, 2013 6:25:35 PM

If it was that much of a threat it couldn not be that good in the first place.
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SammyAdams
Champion Author Tallahassee

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Message Posted: Feb 17, 2013 3:26:07 PM

From the article: "However, the report also notes that cheaper oil could displace production from higher cost and more environmentally sensitive areas such as the Arctic and Canadian tar sands, while tax windfalls could provide finance for carbon capture and storage and other low carbon technologies."

=============================================================

Win-Win, "greenies"?
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humblepie
Champion Author Toledo

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Message Posted: Feb 17, 2013 1:37:04 PM

why dont i really care about them
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bar1035
Champion Author Charlotte

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Message Posted: Feb 17, 2013 8:43:47 AM

The greens admit it - cheap energy is a threat to their goals
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FPLREP
Champion Author Virginia

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Message Posted: Feb 17, 2013 7:45:06 AM

Here is an idea, tax the Obama's on their non-business travel to vacation spots. 40 cents per gallon on jet fuel would be a good start. Then we will see if he puts HIS money where he wants to put ours. No exemptions fo BS speeches being considered business.
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doeslayersr
Champion Author Illinois

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Message Posted: Feb 17, 2013 7:06:17 AM

drpepperTX and granitestater - Your comments are excellent and well stated.
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eyegotgas2
Champion Author British Columbia

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Message Posted: Feb 17, 2013 3:09:53 AM

It seems oil production has increased substantially yet we are paying record high prices for fuel.

Personally I don't like the process of Fracking.

There is vast amounts of fresh water underground.

Fracking not only uses vast quantities of clean drinking water it threatens to poison fresh underground water supplies.

This will ultimately result in huge health care costs imho.
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teenitup
Champion Author Houston

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Message Posted: Feb 17, 2013 1:49:02 AM

Well said granitestater and drpeppertx.
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granitestater
Champion Author New Hampshire

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Message Posted: Feb 17, 2013 1:22:12 AM

The stored energy of millions of years of fossil fuels will always be cheaper than any attempt to capture energy from feeble breezes and weak photons in the near term. It is the difference between atomic energy and burning fall leaves in the street...
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drpepperTX
Champion Author Texas

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Message Posted: Feb 17, 2013 1:09:17 AM

And there we have it. All along the Eco-Imperialists have been spreading fear and paranoia in the attempt to slow oil and gas production to protect their greedy "green" investments.

Thanks for posting this Cakes!

The truth shall set you free!

[Edited by: drpepperTX at 2/17/2013 1:11:41 AM EST]
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obimerrill
Champion Author Cincinnati

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Message Posted: Feb 17, 2013 1:08:19 AM

Green doesn't want this and has Obama in their pocket so he will find ways to keep green energy artificially cheap using our taxes...so it competes with oil, even cheaper shale oil.

Yet Obama will also find ways via regulations and prevention of cheaper delivery of shale oil through pipelines to keep gas prices high so green energy still looks viable even when it is not!
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VikingWoman
Champion Author Washington

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Message Posted: Feb 17, 2013 1:01:37 AM

They have us used to paying high prices and they know we will pay whatever they charge because we have to get to work and life goes on. I don't see much chance of prices going below $3 a gallon since they are nearing $4 a gallon and more right now.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Feb 17, 2013 12:48:35 AM


Cheap only when you discount the high risk to water supplies as this "surge" grows.
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DrGasPain
All-Star Author Dallas

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Message Posted: Feb 17, 2013 12:46:20 AM

Let the market decide.
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bikechuck
Champion Author Indianapolis

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Message Posted: Feb 17, 2013 12:45:10 AM

Yes, the greenies want high priced oil so their investments in alternative energy sources may be increased. If the alternatives are so good they better be affordable.
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TelsaOR
Champion Author Oregon

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Message Posted: Feb 17, 2013 12:45:07 AM

I'm for anything that helps lower gas prices.
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GAS1251
Champion Author Texas

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Message Posted: Feb 17, 2013 12:42:33 AM

Do they really plan on bringing down the price of oil?
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jethro5000
Champion Author Kentucky

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Message Posted: Feb 17, 2013 12:41:45 AM

Ok
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heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 17, 2013 12:37:47 AM

yup.
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AnObserver
Champion Author New Jersey

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Message Posted: Feb 17, 2013 12:36:10 AM

Available and cheap does not mean SAFE
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Costello
Champion Author South Dakota

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Message Posted: Feb 17, 2013 12:35:07 AM

It's a threat to their FREE money!!!
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goldrose1
Champion Author Cleveland

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Message Posted: Feb 17, 2013 12:32:11 AM

This has nothing to do with environmentalists.
Our government says they want us to use less oil. They encourage high prices to make that happen. Look to your elected representatives.
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Badjef
Champion Author Florida

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Message Posted: Feb 17, 2013 12:30:44 AM

BS ALERT!!!

The only ones that are threatened are the democrats in Washington that are banking on "alternative" energies.
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crreed1
Champion Author West Virginia

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Message Posted: Feb 17, 2013 12:30:37 AM

sounds like more old news
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humblepie
Champion Author Toledo

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Message Posted: Feb 17, 2013 12:30:29 AM

a penny saved is a penny earned, especially on that green crap
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Tigercat88
Champion Author North Carolina

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Message Posted: Feb 17, 2013 12:27:36 AM

Enviro-Nuts!!!!!!!
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goldrose1
Champion Author Cleveland

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Message Posted: Feb 17, 2013 12:27:17 AM

As long as gas and diesel prices are high, there is market for shale oil.
Fossel fuel prices keep going up. ergo will be more shale oil pumped.

History says Big Oil companies will continue their high profit tactics.
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boatmen
Champion Author New York

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Message Posted: Feb 17, 2013 12:25:56 AM

Greed control it all Greedy Biches
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wang91554
Champion Author San Jose

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Message Posted: Feb 17, 2013 12:25:53 AM

more competition
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 17, 2013 12:25:36 AM

Shale oil is a move backwards.
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moregas1966
Champion Author Columbus

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Message Posted: Feb 17, 2013 12:24:53 AM

ok
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moregas1966
Champion Author Columbus

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Message Posted: Feb 17, 2013 12:24:18 AM

greedy
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DustyHorse
Champion Author Virginia

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Message Posted: Feb 17, 2013 12:24:11 AM

Believe renewable energy was already pretty iffy before shale oil.
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RQCraig
Champion Author Texas

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Message Posted: Feb 17, 2013 12:23:43 AM

We need all the energy options. Right now the shale is taking off, and if that means the alternatives take a back seat, then so be it. Their time will come when it is economically viable.
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vulcan96
Champion Author Ohio

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Message Posted: Feb 17, 2013 12:23:23 AM

Oil prices down. Gas prices up.
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Dailyrun
Champion Author Kentucky

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Message Posted: Feb 17, 2013 12:23:08 AM

greed.
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Zonk
Champion Author Michigan

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Message Posted: Feb 17, 2013 12:23:03 AM

Are we almost out of total control?
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unicornpmb
Champion Author Buffalo

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Message Posted: Feb 17, 2013 12:22:43 AM

Only 22 years away. Wow.
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MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Feb 17, 2013 12:22:38 AM

Each source as needed
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OuttaOfGAS
Champion Author Illinois

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Message Posted: Feb 17, 2013 12:22:38 AM

What you waiting for?...Bring it ON!!we could sure go back 2 paying $1.75 a gallon...WAKE UP,you were dreaming.
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rawdog1313
Champion Author Lexington

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Message Posted: Feb 17, 2013 12:20:32 AM

I don't really care as long as we can be energy independent!
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minookaband
Champion Author Illinois

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Message Posted: Feb 17, 2013 12:19:12 AM

Will not top speculators from pushing up prices.
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Bigwaynef
Champion Author South Carolina

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Message Posted: Feb 17, 2013 12:18:41 AM

If it turns green flush it, green is bad...
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TheSicilian
Champion Author Jacksonville

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Message Posted: Feb 17, 2013 12:18:19 AM

lower prices would be nice
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 17, 2013 12:17:17 AM

Push down the price of fuel now.
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Snowball2013
Champion Author Yakima

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Message Posted: Feb 17, 2013 12:16:51 AM

Ok
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LostAgain2009
Champion Author New Mexico

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Message Posted: Feb 17, 2013 12:15:15 AM

We still need to wean off of petroleum, gas, and coal.
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