February 15, 2013
Shale Energy Revolution Is Worth...$2.7 Trillion???
Russia Today, Russia Today
The global shale energy trend can boost world GDP by up to $2.7 trillion by 2035, according to a Price Waterhouse Coopers report. This would see oil prices drop by a third. However not everyone would benefit from such a trend.
The company has reviewed the long term impact of rapidly emerging shale energy production on the global energy sector and the economy and concluded global GDP can benefit from the emerging trend around 2.3-3.7% and reach $1.7-$2.7 trillion at current GDP values.
TAGGED: Shale Gas