Variables, uncertainties still shape world energy outlook

06/24/2013
Technological breakthroughs may have increased the world's potential oil and gas resources significantly, but variables and uncertainties will determine how quickly and to what extent they are developed, participants emphasized during the opening day of the US Energy Information Administration's annual conference. Unconventional natural gas production growth will be strongest initially in North America, and have economic, geostrategic, and environmental impacts worldwide, agreed members of a panel examining that subject. "We're not going to see the same kind of global market for gas that exists for oil and coal, although there will be pressure on oil indexing as US [LNG] exports grow...
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