Spencer Dale

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                    [post_content] => The oil market has changed very significantly over the past 10 to 15 years. Concerns about carbon emissions and climate change have increased materially. And, more importantly, the US shale revolution has introduced a new source of supply, with very different production and financing strcutures. In this comment, Spencer Dale, the Chief Economist of BP, considers the implications of these changes and argues that the principles and beliefs that served us well in the past are no longer as useful for analysing the oil market. He calls for a new set of principles reflecting the New Economics of Oil. These four principles are:




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Latest Publications by Spencer Dale

Latest Tweets from @OxfordEnergy

  • New publication: Biogas: A significant contribution to decarbonising gas markets? https://t.co/Ixf81cuvGO

    June 21st

  • J Stern: UK still in EU & others have an obligation to share available supply in crisis, but post-Brexit who knows https://t.co/5lBtoznqUt

    June 21st

  • Luke Patey in the Petroleum Economist on navigating regional risk in East Africa - https://t.co/KMPfAqLSfG

    June 20th

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