In Russia, it seems that oil apocalypse is coming.
Its peak is expected in 2020
Vladivostok. July 2. VOSTOK-MEDIA - High oil prices, lingering for several years will not last forever. A strong argument in favor of this as written by Times, was the publication of a report prepared by the ex-chairman of the Organization for Economic Cooperation and Development John Llewellyn partnership with Puma Energy. According to the document, most current forecasts of oil prices do not take into account the importance of new technologies for the extraction of oil and gas from shale.According to the report, by 2020 the world oil market may change, equal to the turning point on the scale of the 1970s. However, if at that time the world price of oil jumped twice, this time the trend will be reversed direction. In the next decade, experts say, because of shale revolution oil could become cheaper by half.
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