Can Algae Biofuels Make a Comeback in Rising Oil Prices?

In the two years between the fall of 2015 and 2017, oil prices have been hammered by the glut in supply due to the advent of US shale. The rush for efficiency in the shale scene caused many ripple effects, or unintended consequences, in the oil and related industries. From underinvestment in new field development to a decreased uptake in substitute technologies like electric cars and bio-oil production and increases in the use of conventional oil due to lower prices, oil markets have more than equalized since the advent of the shale rush. With top figures at the German Bank LBBW saying that the current oil supply deficit is “here to stay,” the question remains, how will the advent of higher oil prices bring back substitute competition to the oil markets?

 

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