Shell report shows decreasing role for oil

by Staff Writers
Washington (UPI) Mar 1, 2013

U.S. oil giant Shell in a new report said solar could eclipse oil to become the dominant energy source by 2060.

As part of its “New Lens Scenarios” forecast, Shell predicts that in the meantime, natural gas in 2030 “becomes the largest global primary energy source, ending a 70-year reign for oil.”

In the forecast, Shell contrasts what it calls a “mountains” scenario, characterized by a stable, rigid, low growth with “oceans,” a more dynamic global economy.

Speaking at the Center for Strategic and International Studies in Washington, Thursday Peter Voser, chief executive officer of Shell, said both scenarios highlight “the need for business and government to find ways to collaborate, fostering policies that promote the development and use of cleaner energy and improve energy efficiency.”

Read more: Shell report shows decreasing role for oil — Space Daily.

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