In many places in the world, there simply isn’t enough water to support tight-oil and shale development. As Mark Twain said, “Whiskey is for drinkin’. Water is for fightin’ over.” World water needs – like drinking water, electricity generation, manufacturing, and agriculture – will have a direct affect on the practicality and development of these resources. Production from these new onshore unconventional shale and tight-sand fields and wells in the Gulf of Mexico will provide temporary demand relief but will not be able to offset global production declines and the skyrocketing demand to come from the development of emerging economies, especially in Asia . A Wave of Demand That Will Flood the Energy Markets Absent some geopolitical upset that restricts the flow of oil and reduces supply soon, this economic growth is coming and is unstoppable…. In mid-2017, oil prices sit between $40 and $50 per barrel. The EIA estimates oil prices will hit $212 per barrel by 2035 . But we believe that prices are going to far exceed that . And sooner than anyone believes . Here’s why… Today, the U.S. is the largest consumer of oil on the planet. We use about 7.2 billion barrels of oil per year, or nearly 20 million barrels per day... As we’ve discussed, economic growth is a big driver of oil demand.
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