Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, September 14, 2011

DNV report warns the era of cheap oil is ending

DNV report warns the era of cheap oil is ending


Offshore staff
ABERDEEN, UK – The Det Norske Veritas “Technology Outlook 2020” report presented at Offshore Europe warns that the age of “cheap” oil is coming to an end. With a forecasted 19% increase in global energy demand by 2020, DNV says the sector will have to push the boundaries to satisfy this need.

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