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‘Saudi America’ effect unlikely to dent oil prices

Posted on 03 December 2012

“Saudi America”, they are calling it: the boom in US oil production that on some forecasts will make the country a net exporter of crude by the end of the decade.
It is an exciting prospect, promising dramatic growth for the companies able to capitalise on it. Enthusiasts for America’s oil surge often make grandiose claims about the future on the basis of what is still only a very limited history, and there are many risks to that rosy outlook, from environmental protests to doubts over the accuracy of estimates for shale reserves………………………………………..Full Article: Source


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