Related Articles
Outlook 2017
Forward article link
Share PDF with colleagues

Oilmageddon

Prices down or up – it doesn’t matter. The world’s oil sector is in the endgame

In my book, The Winning of the Carbon War, I argue that 2013 to 2015 were turn-around years that will lead to decarbonisation of the global economy. The course of 2016, I suggest, has been consistent with a global transition from fossil-fuel dominance to the zero-carbon economy. If this analysis is correct, the oil and gas industry is heading for a future very different to its past - 2017 will simply confirm the trend. Three fundamental megatrends are at work. First, society is awakening in critical mass to the twin threats of climate change and air pollution - and responding. Second, an energy insurgency is disrupting established energy markets, fast. Third, the energy incumbency is facing

Also in this section
Maintaining Indian momentum
23 January 2018
Energy demand is expected to pick up in the year ahead after faltering in 2017. EV sales will rise
New crisis and old
22 January 2018
Subdued oil prices and intractable wars cast a shadow over the year
Oil through the worse?
22 January 2018
Opec cut, shale grew, stocks fell, demand soared, prices rose and balance—the oil market's magic word—drew near