Kemp: Shale Revolution Reverses Global Energy Flow

Shale's transformative impact in the United States is already exerting a strong pull on policymakers and production companies elsewhere. New shale developments seem likely to emerge in China, Ukraine, South Africa, the United Kingdom, Argentina and other countries by the end of the decade, provided oil prices remain above $100 per barrel.

Advances in production technology are remaking the world petroleum market. If the four decades between the 1970s and the 2000s were the era of the Middle East and OPEC, the next two decades will be the era of North America and shale.

(editing by Jane Baird)


1234

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Most Popular Articles