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Published on Feb 28, 2013
Learn more at PwC.com - http://pwc.to/15TTMEN Shale oil production has the potential to reach up to 12% of global oil production, equivalent to almost 14 million barrels a day. This extra supply could push global oil prices down by around 25%-40% in 2035. The level of global GDP could increase by around 2.3%-3.7% ($1.7-2.7 trillion at today's GDP values).The benefits of oil price reductions due to shale oil will vary significantly by country. This presents significant strategic opportunities and challenges for the oil & gas industry and governments. Adam Lyons from PwC presents the findings.