Saudi Arabia Set to Begin Drilling for Shale Gas
Saudi
Arabia is the largest exporter of crude oil in the world, yet rapidly
increasing domestic demand threatens to impact on this status, and that
could have dire consequences for global oil trade, and oil prices. Saudi
Arabia’s Oil Minister, Ali Al Naimi, recently announced at a conference
in Hong Kong that his countrywill start to drill for shale gas this
year. The hope is that increased production of natural gas will cover
rising domestic energy demands, without the need to use crude oil; this
will help to maintain crude oil export levels…Read more...http://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-Set-to-Begin-Drilling-for-Shale-Gas.html
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