OPEC Finally Acknowledges the Importance of US Shale Oil
Whilst
some, most notably the IEA, claim that shale oil will help the US
become the largest oil producer in the world, OPEC has never really
acknowledged the significance of tight oil in the US until now.In its
recently released World Oil Outlook 2012, it wrote that, “given recent
significant increases in North American shale oil and shale gas
production, it is now clear that these resources might play an
increasingly important role in non-OPEC medium- and long-term supply
prospects.”This is a huge admission by OPEC, and one that could…Read more...http://oilprice.com/Latest-Energy-News/World-News/OPEC-Finally-Acknowledges-the-Importance-of-US-Shale-Oil.html
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