BP CEO Robert Dudley noted that traditional perceptions about the oil market were destroyed. The concerns connected with depletion of oil reserves seem unfounded more and more. According to BP’s forecasts, in 2013, thanks to oil extraction in the shale oil deposits, the U.S. will be in the first place by leaving behind Russia and Saudi Arabia.
According to the forecasts, in 2020, the U.S. will extract 6 mln barrel of shale oil a day and increase of extraction will cause price cut. So, in 2020, oil price will drop to $80.