Do tougher climate change policies diminish investment returns from crude oil assets, facilities and pipelines? Not necessarily, because not all crude oils are the same.
Investors in crude oil assets are largely unaware of the risks they are being exposed to under more stringent climate change policies. Growing concerns around climate change are likely to result in new policies to reduce greenhouse gas (GHG) emissions. As a result, crude oil producers are likely to face increasing costs for complying with […]
The definition of “unsustainable,” according to the Oxford Dictionary, is a situation which cannot be maintained at its current rate or level. Unsustainable is also the best way to characterize the oil price when it is near $US 30/B—a situation that is not tenable on many dimensions.
This commentary was originally published in the Petroleum Economist’s Outlook 2016. This version has been modified from the original publication, in order to account for the most recent information. Gazing into the horizon to predict the future is always hazardous; especially when you consider the stormy conditions of 2015. Despite the choppy waters, the big […]
