Evolution Shift
A Future Look at Today
January 27th, 2015

Oil Prices and a New Era of Lower Cost Energy

In the last column here, I forecast that humanity may well have entered a new era of lower cost energy. This could last for just a few years or could become something much more long-term. This is due to a combination of factors and trends. The only real question is the duration.

Here is a recent short video about the Era of Lower Energy Costs:

 

Era of Lower Energy Costs: Oil, Renewable and Alternative Energy

 

Relative to the price of oil, I have been relatively accurate. In 2006 I suggested that we might have $125/ barrel oil by 2008 and we all painfully remember that it climbed to $147. Up until early last year I forecast a price range of $90-120 per barrel. About a year ago I suggested that the bottom of that range would be tested in 2014 and that it could fall into the $70-80 range. Well I was right about the direction but certainly missed the reality of $45 barrel oil!

Here is a recent video on the near term price of oil.

Future Price of Oil: Forecasts by Global Futurist David Houle

 

So we must consider the possible reality that we have entered a new era of lower energy costs. This will trigger corporations and nations to rethink energy policy and use. There will certainly be significant geopolitical dynamics and changes simply based on $45-90 barrel oil for the next year or two.

Interesting times on the energy front!

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  • Bob Kelley

    I don’t think it’s as important how cheap or expensive energy is, but what kind of energy and who will control it. I hope we move toward more clean renewable sources and the U.S. controls it. I doubt that will happen, however. My fear is we’ll still be dependent on oil while the more progressive countries will dominate the renewable energy market leaving us to become a third world country incapable of maintaining our market share in the new global economy.

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