|
SUPPLY
See individual
regions discussions for a review of onshore supply.
An overall
plateau in onshore oil production is currently expected by 2016 or
thereabouts, followed by slow decline after 2020. An overall peak in
onshore gas production is currently expected in or around 2025 although,
of course, as for offshore, this is subject to much more speculation and
depends on the energy prices and economic and environmental
circumstances that ensue after the oil peak passes as well as the true
impact of unconventional gas resources which remain uncertain over the
long term.
|