How Will US Shale Oil Change the Global Energy Market?
For
the past five years, progress in extracting gas and oil from shale
deposits has been revolutionizing the energy industry in the United
States. Now, a new report by the Paris-based International Energy Agency
(IEA) shows how much it could shake up the global energy market as
well.The agency predicts in its World Energy Outlook released on
November 12 that the United States will become the world's biggest oil
producer by 2017, overtaking current number one Russia and number two
Saudi Arabia.The IEA, an intergovernmental organization that works…Read more...http://oilprice.com/Energy/Crude-Oil/How-Will-US-Shale-Oil-Change-the-Global-Energy-Market.html
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