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Foreword
Ed Daniels, Vice President Commercial, Shell Global Solutions shares a high-level overview of energy industry trends.
It is not news anymore that we are in the middle of a global financial crisis, the likes of which the world has not seen since the 1930s.
A period of volatility such as this leads to a slowdown in investments, which could exacerbate the next supply crunch. We are also entering an unprecedented era of longterm volatility related to the dual challenge of increasing energy demand and reducing greenhouse gas emissions.
As soon as economic growth resumes, the demand for energy will pick up…fast. The truth is that the current slowdown in energy growth should still be seen in the context of a huge surge from 2004-2007, particularly from emerging economies. Though economic volatility may impact the details, the trend remains in place.