Drumbeat: October 31, 2012
Updated: 2012-10-31 21:43:23
: The Oil Drum Discussions about Energy and Our Future Tech Talk Global Crude Oil and Iran The Oil Drum The Big Deal About U.S . Energy Self-Sufficiency Drumbeat : October 29, 2012 DrumBeat Drumbeat : October 31, 2012 Posted by Leanan on October 31, 2012 10:26am Analysis Does U.S . shale mean cheap global oil by 2020 Reuters Does the rise of U.S . shale oil mean fuel buyers can look forward to a multi-year period of crude price decline Or is oil destined for new record highs above 150 a barrel The question is dividing energy analysts who are split on whether or not shale and other predominantly North American unconventional supply like Canadian oil sands will be enough to comfortably meet an increase in global fuel demand led by emerging markets to 2020. That is a shift from the anguished