Shale gas and oil sands: the energy sources of the coming decades?edit
An opportunity to discuss the future of shale gas, oil sands, coal bed methane and shale oil; the economics, environmental issues surrounding their extraction and use, including carbon emissions, and the implications for global energy security.
New energy frontiers: what role for hydro-carbons in global energy security?
Wednesday 15 – Friday 17 June 2011 (WP1111)
Whilst many governments and energy companies increase the development and use of renewable energy as part of a move towards a low carbon economy, the transition to sufficiency in renewables is likely to remain some decades away. Securing continuous supplies of oil and gas are therefore expected to remain critical to global economic growth for some decades. Some analysts believe that the production of traditional sources of oil and gas is nearing a peak whilst demand continues to rise. Current political instabilities in the Middle East risk supply of existing sources and increased domestic consumption of these economies may also affect global supplies. Japan’s nuclear crisis adds uncertainties to the future of nuclear energy.
According to the International Energy Agency, oil and gas production from new sources or using new methods are set to play an increasingly important role in world energy supplies up to 2035. These sources include heavy and extra heavy oils, shale gas, deepwater deposits and alternatives to oil and gas derived from gasification or coal-to-liquid technology. The rate at which such resources are exploited will be determined by economics, the environmental impacts of development, and policy considerations such as securing supplies.
Further international discussion is needed about the role such sources of hydrocarbons will play in overall global and regional energy security, the impacts of their extraction, including CO2 emissions in production, and the national and international frameworks that will guide development. This conference will contribute to this discussion at the geostrategic, political and policy level.
- Greg Stringham, VP, Market and Oil Sands, Canadian Association of Petroleum Producers;
- Katarzyna Kacpeczk, Deputy Director for Global Energy, Polish Ministry of Foreign Affairs
- Wolf Regener, President and CEO, BNK Petroleum;
- Mike Smith, Executive Director, US Oil and Gas Compact
- Alex Ferguson, Commissioner and CEO, BC Oil and Gas Commission
- Jeremy Boak, Director, Centre for Oil Shale Techology, Colorado School of Mines
- John Roberts, Energy Security specialist, Platts
- Jun Arima, Japanese Negotiator on climate change.