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The single oil spill that can disrupt the global energy supply

ScienceDaily · University of Southern California · last updated

Over the last year, the world’s energy market has been highly volatile. The warmer-than-average winter in Europe helped avoid a gas crisis this year, but the forecast for the next winter is unclear as instabilities persist.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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