BP’s Gulf of Mexico oil spill will not push fuel switching

US power switching

Market experts have calmed fears that tighter restrictions on offshore drilling following BP's Gulf of Mexico oil spill will result in the US switching a large part of its energy consumption from oil to gas and therefore pushing up prices.

"The Gulf of Mexico situation continues to be a wild card," says Andrew Moorfield, head of oil and gas at Lloyd's Banking Group. "The argument that a restriction on offshore drilling may result in higher gas prices on the face of it may seem reasonable but

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here