Asia's growing oil and gas consumption guarantees decades of dependence
Although Deloitte Touche has credited great strides in our quest for alternative energy, Five Star Developments reminds investors that oil and gas is still expected to dominate the energy market for the next 25 years.
(EMAILWIRE.COM, April 28, 2011 ) Los Ageles, CA -- A Five Star Development's spokesman, Torker Rellis, told International Journalism Review (IJR), this "Deloitte Touche Tohmatsu Limited has released its 2011 Oil and Gas Reality Check report, and the study finds that the powerful oil and gas industry still accounts for the vast majority of energy consumption and will continue to do so for the foreseeable future. Our world is growing quickly and it will continue to outpace some of the alternative fields of exploring power and energy."
Torker reiterates to investors that Deloitte Touche has built its reputation on forecasting futures with a solid backing of facts, therefore Torker feels it makes sense to consider their findings paramount in deciding where to invest. Couple this fact with the record number of licenses issued for off shore drilling and it becomes apparent that not even a spill of the magnitude of last summer's BP spill can slow the constant quest for drilling for more oil.
Deloitte Touche and its own report also offer that oil investments along with natural gas well sales will rise parallel to these findings, some experts feel that coal is next in line for this demand. Experts presume that consumption rates will increase in accordance with the lower expenses of cars and growing global population.
The BP Horizon spill created $35 billion in liability for the company. Costs associated with clean up and new safety regulations will be absorbed and BP and other giant oil companies will continue to search for new resources in deep-sea locations. The Deloitte Study pointed to the recent granting of 356 exploration licenses for the North Sea as evidence that deep-sea exploration is thriving and profitable. That amount is a record high for the number of licenses granted in the area.
Newly discovered shale gas is creating a shift in the natural gas market. The report predicts the unconventional gas will demand new markets and fundamentally change the industry in the United States and Canada where new technologies are allowing drillers to tap into previously unreachable sources. Fracturing and steam infusion processes make it possible to separate and extract oil and gas from the rock and sand deposits found in North America. Five Star Developments is exploring these options as alternatives to their traditional oil and gas production.
There has been extensive work with oil well fields in multiple shale formations. Investors should look at in depth consultation regarding oil investments and investing in oil as part of their portfolio for oil and gas investments. These projects at hand include multiple fields in varying states and they tend to be parallel with the growing market for both oil and natural gas.
Asia is also playing a significant role in the traditional fuel industry, in fact many experts believe Asia is the turning point for the fuel industry. Chinese and Indian oil companies are becoming increasingly aggressive in their pursuit of upstream acquisitions to help meet an exploding demand for energy in their countries, this is a clear sign of the importance of oil and natural gas according to Torker from five Star Developments.
Senior director of Deloitte Touche Tohmatsu India, Kalpana Jain, said, “Asia’s share in the growth demand for hydrocarbons has risen substantially while that of the OECD countries and the European Union has declined.”
Growing populations, economies and the subsequent rising demand for fuels has kept oil prices trending higher according to this study. Even though western nations have seen a dip in prices, the influence of Asian countries has held oil prices up. Russia is also investing in exploration as it focuses on increasing exports to Asia.
Deloitte’s report is based on a compilation of interviews with their member firms’ senior energy practitioners, clients and other energy industry analysts. The study concludes that despite concerns over greenhouse gas emissions and foreign oil dependency, oil and gas are still central figures in the energy world and will hold that position for years to come. Major advances have been achieved in alternative fields, but those sources will lag far behind oil and gas in terms of the percentage of power they supply to a quickly growing world.
Company: International Journalism Review (www.IJRnews.com)
Contact: Chris Sloan / Senior Journalist / M.S.
Phone: 8058077201
Email: InternationalJournalismReview[@]Gmail.com
Torker reiterates to investors that Deloitte Touche has built its reputation on forecasting futures with a solid backing of facts, therefore Torker feels it makes sense to consider their findings paramount in deciding where to invest. Couple this fact with the record number of licenses issued for off shore drilling and it becomes apparent that not even a spill of the magnitude of last summer's BP spill can slow the constant quest for drilling for more oil.
Deloitte Touche and its own report also offer that oil investments along with natural gas well sales will rise parallel to these findings, some experts feel that coal is next in line for this demand. Experts presume that consumption rates will increase in accordance with the lower expenses of cars and growing global population.
The BP Horizon spill created $35 billion in liability for the company. Costs associated with clean up and new safety regulations will be absorbed and BP and other giant oil companies will continue to search for new resources in deep-sea locations. The Deloitte Study pointed to the recent granting of 356 exploration licenses for the North Sea as evidence that deep-sea exploration is thriving and profitable. That amount is a record high for the number of licenses granted in the area.
Newly discovered shale gas is creating a shift in the natural gas market. The report predicts the unconventional gas will demand new markets and fundamentally change the industry in the United States and Canada where new technologies are allowing drillers to tap into previously unreachable sources. Fracturing and steam infusion processes make it possible to separate and extract oil and gas from the rock and sand deposits found in North America. Five Star Developments is exploring these options as alternatives to their traditional oil and gas production.
There has been extensive work with oil well fields in multiple shale formations. Investors should look at in depth consultation regarding oil investments and investing in oil as part of their portfolio for oil and gas investments. These projects at hand include multiple fields in varying states and they tend to be parallel with the growing market for both oil and natural gas.
Asia is also playing a significant role in the traditional fuel industry, in fact many experts believe Asia is the turning point for the fuel industry. Chinese and Indian oil companies are becoming increasingly aggressive in their pursuit of upstream acquisitions to help meet an exploding demand for energy in their countries, this is a clear sign of the importance of oil and natural gas according to Torker from five Star Developments.
Senior director of Deloitte Touche Tohmatsu India, Kalpana Jain, said, “Asia’s share in the growth demand for hydrocarbons has risen substantially while that of the OECD countries and the European Union has declined.”
Growing populations, economies and the subsequent rising demand for fuels has kept oil prices trending higher according to this study. Even though western nations have seen a dip in prices, the influence of Asian countries has held oil prices up. Russia is also investing in exploration as it focuses on increasing exports to Asia.
Deloitte’s report is based on a compilation of interviews with their member firms’ senior energy practitioners, clients and other energy industry analysts. The study concludes that despite concerns over greenhouse gas emissions and foreign oil dependency, oil and gas are still central figures in the energy world and will hold that position for years to come. Major advances have been achieved in alternative fields, but those sources will lag far behind oil and gas in terms of the percentage of power they supply to a quickly growing world.
Company: International Journalism Review (www.IJRnews.com)
Contact: Chris Sloan / Senior Journalist / M.S.
Phone: 8058077201
Email: InternationalJournalismReview[@]Gmail.com
Contact Information:
International Journalism Review
Chris Sloan / Senior Journalist / M.S.
Tel: 8058077201
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
International Journalism Review
Chris Sloan / Senior Journalist / M.S.
Tel: 8058077201
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Satellite TV for PC Watch Streaming Tv Right on Your PC Satellitetelevisionforpc.com Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |