Previously considered uneconomic, alternative sources of oil and gas are becoming increasingly attractive to investors. Elisabeth Blunsdon, Paul Tetlow and Christopher Raggett report
On 11 July, 2008, oil prices reached a record high of $147.47 (£74.54) per barrel. Although prices have fallen since the summer, they remain at historically high levels, driven by the combined forces of geopolitical upheaval, concerns about ‘peak oil’ having been reached and the ongoing influence of the Organisation of the Petroleum Exporting Countries (OPEC).
