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The Energy Report - The Power o the Markets

It is absolutely amassing the way the energy world has been transformed in recent years so much so that many are calling for the End of An Era for oil. The latest call for this end is Citi's Seth Kleinman who wrote that "The End Is Nigh," in which he argues crude oil demand - and with it, prices - are is set to fall dramatically in the coming decade due to natural gas. He writes that the combination of an accelerating push to substitute natural gas for oil and ongoing improvements in fuel economy is enough to mean that oil demand growth may be topping out much sooner than the market expects. The shift from oil to gas is already underway in the US, where the shale gas revolution is giving a large economic incentive to make the switch. As the US shift gains pace, politics, greater natural gas availability and environmental concerns are facilitating the trend into the global market, more than compensating for the narrower gas-oil spread.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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