[Graeme]

Shell updates energy scenarios; world entering an era of “volatile transitions”

Shell has published an update to its 2008 Shell Energy Scenarios to 2050. (Earlier post.) Those energy scenarios—Scramble and Blueprints—remain a credible vision of what may lie ahead, Shell said. The new booklet—Signals & Signposts—updates the company’s thinking by taking into account the impact of the global economic and financial crisis.

In summary, Shell believes that the world is entering an era of volatile transitions as the effects of energy consumption on the environment become increasingly clear. The recession interrupted the oil and commodity price boom but it may return. Emerging nations like China and India are going through materially intensive development and a tighter market will continue to put pressure on prices and generate volatility. Improvements in policy-making and strong gains in productivity have helped economies to grow without inflation in the last two decades. Shell does not believe the moderating effect of this combination of good policies, good practices, and good luck will continue into the future.

greencarcongress

[papa moose]

Graeme see posts in other thread:

http://peakoil.com/forums/oil-company-admits-future-is-going-to-be-rough-t60830.html

Of course if it starts getting you down you can swap to this thread:
http://peakoil.com/forums/oil-company-admits-future-is-going-to-be-ok-t60831.html

So i guess it's time to ring the broker, "sell shell, buy exxon".

[Graeme]

Papa moose, Thanks for the links to the other threads. The Shell report is also summarized in this article, and a link is also given at end to the actual Shell report.

Shell report predicts peak oil now or soon, ponders ‘Depression 2.0′

In a recent "Signals & Signposts" report by Shell, forecasting energy scenarios through 2050, the oil giant predicted a growing volatility in the price of oil and a coming period of "extraordinary opportunity or misery."

As the demand for oil buts up against actual production and remaining reserves, the climbing price of oil will cause the gross domestic product of all nations to decline, they predict.

In another section, Shell calls these economic effects "Depression 2.0." Though that scenario is introduced as "unlikely," the rest of the report does not paint a rosy outlook.

rawstory

[papa moose]

No problem at all mate, actually the problem is i can't keep up, seems all of a sudden people are starting threads about peak oil, who would have expected that at po.com?
I may actually print off the shell report and read it in full, it intrigues me to see them publicly using the term "Depression 2.0"