|
US shale oil supply shifts global power balance
h/t InstapunditA 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. Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA). The US will change from the world's leading importer of oil to a net exporter. Demand for oil from Middle-East oil producers is set to slow as a result. The end of Islam as a factor in World affairs---unless, of course, their man in White House manages to derail USA oil production. Posted by: g(r)omgoru 2013-05-15 |
| http://www.rantburg.com/poparticle.php?ID=368318 |