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Musings: PwC Says Shale Oil 'The Next Energy Revolution' - Really?

Rig Zone -- Economists with the worldwide accounting firm of PricewaterhouseCoopers LLP (PwC) have just published an interesting and thought-provoking analysis of the long-term impact of shale oil on the global economy. While one might question some of the shale oil production numbers that evolve from the PwC analysis, the final couple of pages of the report, which focus on "opportunities and challenges for governments and companies" and touch on topics we have been devoting significant thought to with respect to the implications of the growth in output from unconventional oil and gas plays, is what we found most intriguing.

PwC begins its report with a brief review of the history to date of shale oil and shale gas in the United States. The economists point out that shale oil production has grown

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Submitted Feb 24, 2013 By: mastermariner

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Gas_Eyes Champion Author Dallas Posts:2,667 Points:642,910 Joined:Mar 2011	Message Posted: Feb 25, 2013 7:38:33 AM Ignore Gas_Eyes Report Abuse Shale is the answer to the US energy self sufficiency in the near future.
humblepie Champion Author Toledo Posts:34,126 Points:2,369,420 Joined:Mar 2006	Message Posted: Feb 24, 2013 4:13:47 AM Ignore humblepie Report Abuse all show and no go
greshams Champion Author Cincinnati Posts:2,000 Points:373,720 Joined:Nov 2011	Message Posted: Feb 23, 2013 11:41:46 PM Ignore greshams Report Abuse all this talk of oil booms,energy revolution, why isn't the prices showing this.
Vette1967 Champion Author Albany Posts:5,957 Points:1,274,050 Joined:Jun 2009	Message Posted: Feb 23, 2013 11:24:47 PM Ignore Vette1967 Report Abuse Only if they do it safely and not pollute the land and water.
wz Champion Author Twin Cities Posts:2,474 Points:1,275,140 Joined:Feb 2009	Message Posted: Feb 23, 2013 11:22:41 PM Ignore wz Report Abuse As fracking provides the shale oil and natural gas for the next energy revolution, that revolution will provide the stimulus for the economic recovery this country so desperately needs.
arinkrat17 Champion Author Twin Cities Posts:6,279 Points:1,329,525 Joined:Aug 2009	Message Posted: Feb 23, 2013 11:19:54 PM Ignore arinkrat17 Report Abuse Ok
TXGasPriceSpy Champion Author Fort Worth Posts:7,800 Points:1,470,325 Joined:Sep 2008	Message Posted: Feb 23, 2013 11:18:27 PM Ignore TXGasPriceSpy Report Abuse Oh frack!!!
Mowerman08 Champion Author Milwaukee Posts:4,745 Points:1,215,070 Joined:Aug 2008	Message Posted: Feb 23, 2013 11:16:32 PM Ignore Mowerman08 Report Abuse maybe
kd5kpd Champion Author Texas Posts:3,726 Points:1,414,775 Joined:Apr 2006	Message Posted: Feb 23, 2013 11:13:25 PM Ignore kd5kpd Report Abuse Possible but very doubtful.
mcbrownie220 Sophomore Author Toledo Posts:225 Points:152,125 Joined:Jun 2012	Message Posted: Feb 23, 2013 11:12:55 PM Ignore mcbrownie220 Report Abuse ok
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Feb 23, 2013 11:11:54 PM Ignore mfeldstein Report Abuse Ban fracking.
DirtDauber Champion Author San Antonio Posts:6,771 Points:1,625,510 Joined:Nov 2005	Message Posted: Feb 23, 2013 11:08:51 PM Ignore DirtDauber Report Abuse Hello, I'm from the G....., and I'm here to help you. Whether you need it or not.
JaegerWMeister All-Star Author Twin Cities Posts:795 Points:337,040 Joined:Mar 2012	Message Posted: Feb 23, 2013 11:08:19 PM Ignore JaegerWMeister Report Abuse a musing
Thomtec Champion Author Nashville Posts:2,453 Points:606,195 Joined:May 2011	Message Posted: Feb 23, 2013 11:08:04 PM Ignore Thomtec Report Abuse Not
krobp46 Champion Author Milwaukee Posts:2,699 Points:539,145 Joined:Sep 2011	Message Posted: Feb 23, 2013 11:06:52 PM Ignore krobp46 Report Abuse Finally, someone is tired of making false predictions they are now making musings
10k Champion Author North Carolina Posts:21,231 Points:2,252,070 Joined:May 2006	Message Posted: Feb 23, 2013 11:06:47 PM Ignore 10k Report Abuse PricewaterhouseCoopers LLP.. i can hear them now: "hello, i'm from that big word ^ there, and we're here to help you.".. trust no one with a name longer than five letters, especially when they have those big ol' capital letters hanging off the end..snicker..
Ron77095 Champion Author Houston Posts:3,050 Points:600,725 Joined:Sep 2011	Message Posted: Feb 23, 2013 11:04:55 PM Ignore Ron77095 Report Abuse ok.
VikingWoman Champion Author Washington Posts:1,251 Points:249,715 Joined:May 2012	Message Posted: Feb 23, 2013 11:04:15 PM Ignore VikingWoman Report Abuse Musings? This article provoked images of a future earth with all the natural gas and oil deposits sucked from it's innards looking more prune-like than round. Will earth remain on course as it orbits the sun? There have already been an increase in earthquake activity in regions where they were relatively rare. Will all this fracking cause massive shifting of the tectonic plates? Is anyone looking into this possibility? Food for thought.
RENEGADEGAS Champion Author Missouri Posts:14,899 Points:1,589,275 Joined:Jul 2008	Message Posted: Feb 23, 2013 11:04:09 PM Ignore RENEGADEGAS Report Abuse They are wildly late with this story! Cancel my subscription! LOL!!
abacus44 Champion Author Toms River Posts:3,470 Points:745,790 Joined:Jan 2011	Message Posted: Feb 23, 2013 11:01:44 PM Ignore abacus44 Report Abuse A report that's already 5-10 years out of date.
nurdco Champion Author Colorado Springs Posts:9,217 Points:1,692,460 Joined:Apr 2008	Message Posted: Feb 23, 2013 11:01:14 PM Ignore nurdco Report Abuse Late NEWS... delinquent or Sleepy Hollow
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Feb 23, 2013 11:01:12 PM Ignore melvindale Report Abuse Yes, really. I do have an objection to one item in this article. E3: Prices could fall significantly. Yes, prices can fall. No, they will never again fall significantly. Oil producers rely on the high prices. If the price starts to fall, then production starts to shut down. this will follow so that gasoline will never fall below $3 a gallon, and in 5 years will never fall below $4 a gallon. By the year 2030, gasoline will never go below $5 a gallon ever again. This is the same time frame for US energy independence.
DrGasPain Veteran Author Dallas Posts:362 Points:456,700 Joined:Mar 2011	Message Posted: Feb 23, 2013 10:57:10 PM Ignore DrGasPain Report Abuse The next revolution? Its already firmly in place.
yonasb Champion Author Houston Posts:3,463 Points:736,125 Joined:Apr 2011	Message Posted: Feb 23, 2013 10:55:35 PM Ignore yonasb Report Abuse as long as it provides liquidity, who cares
Rageagainsttm Champion Author Tampa Posts:8,293 Points:1,901,030 Joined:Jul 2007	Message Posted: Feb 23, 2013 10:53:52 PM Ignore Rageagainsttm Report Abuse Could be.
Double_Golden Champion Author San Francisco Posts:2,555 Points:603,660 Joined:Aug 2011	Message Posted: Feb 23, 2013 10:52:35 PM Ignore Double_Golden Report Abuse who knows???
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,627,465 Joined:Sep 2005	Message Posted: Feb 23, 2013 10:50:06 PM Ignore unicornpmb Report Abuse Whatever.
silvereb Veteran Author Fort Wayne Posts:441 Points:238,080 Joined:May 2011	Message Posted: Feb 23, 2013 10:49:28 PM Ignore silvereb Report Abuse lets do this!
Thomtec Champion Author Nashville Posts:2,453 Points:606,195 Joined:May 2011	Message Posted: Feb 23, 2013 10:47:19 PM Ignore Thomtec Report Abuse When there is a new republican President not before!
mastermariner Champion Author Texas Posts:4,247 Points:493,010 Joined:Jun 2011	Message Posted: Feb 23, 2013 10:46:41 PM Ignore mastermariner Report Abuse Hope so
moregas1966 All-Star Author Columbus Posts:695 Points:137,605 Joined:Dec 2012	Message Posted: Feb 23, 2013 10:46:27 PM Ignore moregas1966 Report Abuse no
camaro_man Champion Author Kitchener-Waterloo Posts:2,220 Points:608,905 Joined:Jun 2010	Message Posted: Feb 23, 2013 10:45:26 PM Ignore camaro_man Report Abuse It's a great idea
silverfox63 Champion Author Michigan Posts:8,110 Points:1,609,765 Joined:Oct 2008	Message Posted: Feb 23, 2013 10:44:48 PM Ignore silverfox63 Report Abuse It might be but time will tell.
grt197 All-Star Author Illinois Posts:563 Points:123,635 Joined:Jan 2013	Message Posted: Feb 23, 2013 10:44:26 PM Ignore grt197 Report Abuse I CAN AGREE
jethro5000 Champion Author Kentucky Posts:1,867 Points:389,285 Joined:Jun 2005	Message Posted: Feb 23, 2013 10:43:01 PM Ignore jethro5000 Report Abuse Whatever...
prassu2012 All-Star Author Illinois Posts:666 Points:145,995 Joined:Dec 2012	Message Posted: Feb 23, 2013 10:41:26 PM Ignore prassu2012 Report Abuse MAY BE
bills299 Champion Author Atlanta Posts:3,356 Points:902,540 Joined:May 2005	Message Posted: Feb 23, 2013 10:39:47 PM Ignore bills299 Report Abuse ok
CarefreeVT Champion Author Burlington Posts:1,796 Points:256,855 Joined:Aug 2012	Message Posted: Feb 23, 2013 10:38:51 PM Ignore CarefreeVT Report Abuse Research & Consumer Behavior Experts might have something to say about this.
30mpg80 Champion Author Lexington Posts:10,007 Points:1,484,930 Joined:Nov 2008	Message Posted: Feb 23, 2013 10:36:24 PM Ignore 30mpg80 Report Abuse "Musings" or "newsings", which would be more interesting?
E350 Sophomore Author Florida Posts:118 Points:12,350 Joined:Jul 2005	Message Posted: Feb 23, 2013 10:36:05 PM Ignore E350 Report Abuse Interesting
cutter1330 Champion Author Oklahoma Posts:8,025 Points:1,692,165 Joined:Jul 2005	Message Posted: Feb 23, 2013 10:35:30 PM Ignore cutter1330 Report Abuse Got to get them Dems out of the White House.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 23, 2013 10:34:29 PM Ignore tedjm1 Report Abuse They get paid big time for these reports. Are they to be believed any more than the average person?
arb0526 Champion Author Greensboro Posts:1,966 Points:407,920 Joined:Mar 2011	Message Posted: Feb 23, 2013 10:34:28 PM Ignore arb0526 Report Abuse Wonderful
bby Champion Author Twin Cities Posts:5,714 Points:1,019,970 Joined:Nov 2009	Message Posted: Feb 23, 2013 10:33:43 PM Ignore bby Report Abuse ok
gmcgas Champion Author Atlanta Posts:5,942 Points:1,712,120 Joined:Mar 2004	Message Posted: Feb 23, 2013 10:31:45 PM Ignore gmcgas Report Abuse show me real savings at pump.
esquared Champion Author Oklahoma City Posts:8,057 Points:1,968,160 Joined:Jan 2006	Message Posted: Feb 23, 2013 10:31:08 PM Ignore esquared Report Abuse Oh come now: define "significant thought!"
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Feb 23, 2013 10:29:59 PM Ignore pastorpaulcg Report Abuse Not with Obama in the white house
bobcatfan Champion Author Kentucky Posts:1,592 Points:616,570 Joined:Apr 2011	Message Posted: Feb 23, 2013 10:29:11 PM Ignore bobcatfan Report Abuse Really, accountants are trying to predict how the oil shale will create a "revolution". Got my doubts about this one.
TheeRedRam Champion Author Hartford Posts:3,153 Points:670,685 Joined:Jun 2011	Message Posted: Feb 23, 2013 10:28:47 PM Ignore TheeRedRam Report Abuse We shale see
Cothrom Champion Author South Carolina Posts:1,748 Points:723,645 Joined:Sep 2005	Message Posted: Feb 23, 2013 10:28:02 PM Ignore Cothrom Report Abuse Oh another "time will tell" but I bet it will fall through