Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, May 15, 2013

US shale oil supply shock shifts global power balance


US shale oil supply shock shifts global power balance

the US will change from the world's leading importer of oil to a net exporter. Shale oil production adds economic value, but critics say the costs to the environment are also large

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A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.
http://www.bbc.co.uk/news/business-22524597?goback=.gde_78238_member_240877987

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