Shale oil could boost global GDP by $2.7 tn a year: PwC

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The rapid growth in shale oil has not been factored into price projections by the two major international oil agencies. (Reuters) The rapid growth in shale oil has not been factored into price projections by the two major international oil agencies. (Reuters)
SummaryLarge net oil importers such as India may see their GDP boosted by around 4% to 7% by 2035.

$230-$370 per person, PwC said.

The level of support will vary greatly, however, from country to country, it said.

"Large net oil importers such as India and Japan may see their GDP boosted by around 4 to7 percent by 2035 in our alternative scenarios, while the U.S., China, Germany and the UK might gain by around 2 to 5 percent of GDP," Hawksworth said.

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