A New Normal for Energy?
By Isabella Steger
The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of the $317 billion worth of oil and gas deals struck in 2011, $66 billion were shale-related transactions, up from $55 billion the year before. That trend is set to continue, and at the expense of investment in traditional renewables, says Ernst & Young’s Asia-Pacific Oil & Gas Leader Sanjeev Gupta.
Bloomberg News
An employee holds a segment of Bowland Shale, from which shale gas can be extracted, in this arranged photograph at Cuadrilla Resouces Ltd.’s shale gas exploration site in Singleton, U.K., on Tuesday, July 12, 2011. 2012 has already started off strongly for shale, with China Petrochemical Corp. or Sinopec, making its first entry into the U.S. shale market through a $900 million deal with Devon Energy Corp. France’s Total SA also paid $2.3 billion for a stake in Chesapeake Energy Corp.’s shale fields in Ohio. On Friday, a unit of China National Petroleum Corp., PetroChina Co., said it had bought a 20% stake in Royal Dutch Shell PLC’s%
via A New Normal for Energy? – Deal Journal – WSJ.
WE ARE HANDS OVER FIST BUYING SLB,HAL, BAS,and other names. Nuclear energy is dead, and greepower is just a dream I don’ make money off of what I’d like to happen but mosly likely what is going to happen