DM Montly Report – Summer 2018

PERCEPTION AND REALITY IN ENERGY MARKETS – The modern electric car is an engineering marvel and most of us would love one in our driveway. Wind farms are sprouting up like dandelion patches in several regions and solar is now so efficient that it’s become a viable power alternative for many homes and buildings. With renewable energy technology racing ahead and western nations focused on moving beyond fossil fuels, it’s hardly surprising that global demand for oil and gas is in decline. Except that it isn’t. In fact, aside from a brief setback during the deep 2008/09 recession, yearly consumption has risen steadily and now sits at all time highs.

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