Oil industry’s swagger takes knock from gas boom:
"The oil executives who control the world’s most traded commodity are usually the big draw at the annual International Petroleum Week conference. But this week, it could be the leaders in gas that steal the limelight. For years, only scant attention was paid to the gas sector at major industry gatherings, with it very much viewed as a second-string market lacking international intrigue or global clout. Oil is bigger than all the other commodity markets combined and the industry has always carried itself with an almost dismissive swagger. Now there is a clear shift under way. As the electric car revolution takes hold and governments turn to greener fuels to power growing economies, gas and renewable energy is increasingly challenging oil as the headline act."
'via Blog this'
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