At: Glut Now Development now will result in a stable decline in prices in the future Leonardo Maugeri, One of the world’s foremost experts on oil, gas The Next “Oil: Revolution The Unprecedented Upsurge Of Oil Production Capacity And What It Means For The World,” June 2012 The Geopolitics of Energy Project, http://belfercenter.ksg.harvard.edu/files/Oil-%20The%20Next%20Revolution.pdf The oil market will remain highly volatile until 2015 and prone to extreme movements in opposite directions, thus representing a major challenge for investors, in spite of its short and long term opportunities. After 2015, however, most of the projects considered in this paper will advance significantly and contribute to a strong build-up of the world’s production capacity. This could provoke a major phenomenon of overproduction and lead to a significant, stable dip of oil prices, unless oil demand were to grow at a sustained yearly rate of at least 1.6 percent for the entire decade.
At: Glut Now Development now will result in a stable decline in prices in the future Leonardo Maugeri, One of the world’s foremost experts on oil, gas “Oil: The Next Revolution The Unprecedented Upsurge Of Oil Production Capacity And What It Means For The World,” June 2012 The Geopolitics of Energy Project, http://belfercenter.ksg.harvard.edu/files/Oil-%20The%20Next%20Revolution.pdf The oil market will remain highly volatile until 2015 and prone to extreme movements in opposite directions, thus representing a major challenge for investors, in spite of its short and long term opportunities. After 2015, however, most of the projects considered in this paper will advance significantly and contribute to a strong build-up of the world’s production capacity. This could provoke a major phenomenon of overproduction and lead to a significant, stable dip of oil prices, unless oil demand were to grow at a sustained yearly rate of at least 1.6 percent for the entire decade.
Oil_DA___SDI_2012.docx