Falling Lithium Battery Prices Seen As 'Game Changer'

While new technologies are making more oil available, the global appetite for it is slowing down, which will impact Saudi revenues, among others.

Published: 04-Mar-2013

Policy Horizons Canada is a foresight organization within the government of Canada, with a mandate to help anticipate emerging policy challenges and opportunities, explore new knowledge and ideas, and experiment with methods and technologies to support resilient policy development. With Canada emerging as a heavyweight in the global energy equation – courtesy the Alberta sandoil, energy is one of the issues, always on the table for the group.

Last week, this correspondent was at their offices in Ottawa, close to the sprawling parliament building, giving a talk, presenting his view on the emerging energy scenario.

Most analysts agree today, that while new oil and energy frontiers are emerging – all around – the global appetite for oil is slowing down. On the other hand, global economy is not in the best of the shapes – to say the least – impacting the demand side of the global energy equation. And then the rising emphasis on efficiency, especially in the transportation sector also does not point to a strengthening demand pattern. Fundamentals are weakening.

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