The developed world is in the midst of two concurrent energy revolutions. The US shale revolution has had a profound impact on global oil and gas while the plunging cost of renewables is having profound effects on electricity and potentially transport.

  2010 2015 2018
Oil Long-term price over US$100/bbl Price slumps to US$40/bbl Price rising again to US$60-70/bbl
Concerns about peak oil and security of supply US shale revolution, record stockpile US shale to cap price rise but how soon to peak oil demand?
Gas US prices over US$6/MMBtu, rising Australian prices Low US prices, rising Australian prices Alarm over east coast gas price and supply
Growth of unconventional Increasing restrictions on Australian onshore development Gas  a target of anti-fossil fuel movement
Continuing growth in Asia-Pacific LNG Asia-Paciofic LNG over-supply? Rocketing Chinese gas demand ightening LNG market
Electricity Expectations of growing electricity demand Growth of renewables, shrinking baseload capacity Rapidly growing share of renewables. Alarm about price and supply security
Environment Calls for commitment to climate change action Increasing commitment to climate change action Rising opposition to all fossil fuels
Renewables Regarded as marginal Increasingly mainstream as costs plummet Revolutionising electricity supply
Nuclear Limited interest Uncertain outlook but growing interest Uncertain outlook

Energy is undergoing a revolution. In this turbulent environment companies, investors and governments need:

  • Robust and timely market data,
  • Rigorous analysis to identify risks and opportunities, and
  • Sound strategic advice.

EnergyQuest provides all three.

EnergyQuest also takes an integrated approach. Most energy issues have four dimensions:

  1. Economic growth: energy is a critical driver of economic growth and living standards.
  2. Energy security: governments, companies and customers want reliable and secure energy supplies.
  3. Environment and sustainability: Commitment to the need to reduce pollution and greenhouse emissions from fossil fuels and to develop sustainable energy sources.
  4. Equity: while the developed world has access to reliable power and motorized transport, 1.6 billion people in the world do not have access to electricity.

There are numerous trade-offs between these dimensions and no energy solution fits well with every dimension. We take an integrated approach to energy issues, taking account of the four dimensions.


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