Guest Post: U.S. Shale Goes Boom, Rest Of World Goes Bust

Submitted by Daniel J. Graeber of OilPrice.com,
http://www.zerohedge.com/news/2012-11-12/guest-post-us-shale-goes-boom-rest-world-goes-bust 
OPEC, in its World Oil Report, said there's an overall sense that developing shale oil and natural gas could start to redefine the global energy mix. In the United States, the cartel said shale natural gas production alone grew by more than 60 percent from 2010 to 2012.  For shale oil, supplies in the United States have already passed the 1 million barrel-per-day mark. Though shale reserves may ultimately be a game changer, said OPEC, outside the United States, the sector is in its infancy.