Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, May 7, 2013

Deepwater Oil & Gas Essential to Energy Future

Deepwater Oil & Gas Essential to Energy Future

Jeff Miller, Fuel Fix
Oil and gas development in deep water is an essential part of the US and global energy future.There’s a fairly broad consensus that world oil demand will grow at about 1.5 percent per year for the foreseeable future.In addition to demand growth, the industry must replace production from existing fields that are in decline.It’s clear that we’ll require hydrocarbon supplies from many sources to meet the global energy demand. While there is no question that shale oil and gas have been transformational in North America, globally deep water oil and gas development...http://fuelfix.com/blog/2013/05/07/guest-commentary-deep-water-oil-and-gas-essential-to-global-energy-future/

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