Online Event: bp Energy Outlook 2020

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[juancarlosforero]

Three scenarios that shows the nature of the uncertainty we face and how can the energy transition might evolve (common features along the three scenarios):
-More diverse energy mix being driven by customer choice rather than availability of fuels as it used to be.
-A need of integration services of diverse energy mix in the market.
-Markets becoming more localized as increasing role of electricity and hydrogen, which are more costly and long distance transport inefficient.
- Increasing competition within these markets and fuels so leading a shift of economic rents moving away from upstream producers towards end-use consumers (lower more competitive energy)
- Increasing efficiency and electrification will account for 50-60% of oil consumption reduction

[prameshramsevakkumaryadav]

I have email you please check its an important mail on global energy.