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