By Dr Christof Ruehl Group Chief Economist and Vice President, BP PLC.
Over the past 50 years, the BP Energy Outlook has provided high-quality, objective and globally consistent data on world energy markets. The Outlook is one of the most widely respected and authoritative publications in the field of energy economics and is used for reference by the media, academia, world governments and energy companies. It identifies long-term energy trends, building on the BP Statistical Review of World Energy, and then develops projections for world energy markets to 2030, taking account of the potential evolution of the world economy, policy, and technology.
The outlook highlights the growing role of developing economies in global energy consumption, and the increasing share of non-fossil fuels in global energy supply. It emphasizes the importance of both improving energy efficiency and expanding energy supplies to meet the energy needs of billions of people who aspire to better lifestyles, and doing so in a way that is sustainable and secure. This year’s edition has a special focus on the role of shale gas and tight oil in supporting the growth of gas and oil supply.
The presentation was given at Secretariat Headquarters on Tuesday, 30 April 2013 from 10:00 – 11:30 am.