Perspectives on the 2012 energy industry
Here are several thoughts on how companies can adapt to—and profit from—the uncertain environment
Never has the old adage that the only certainty is uncertainty been truer for the energy sector. In the past 12 months, weve seen a strong emphasis on green energy evaporate as country after country withdrew support for renewables. While the green imperative slipped, natural gas took center stageparticularly in the US. A raft of new shale gas production has put the US on course to be a net exporter, rather than an importer, of natural gas. If that transition takes place quickly, European and Asian gas distributors and users that had locked in long-term, oil-price-related contracts could be vulnerable.
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