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US shale oil boom: A game changer?

Posted on 30 January 2013

Reports about the US shale oil boom being a game changer have proliferated after the November 2012’s prediction by the Paris-based International Energy Agency (IEA) that the United States will overtake Saudi Arabia and Russia to become the world’s biggest oil producer by 2020 and energy self-sufficient by 2030.
While such rosy predictions play well to the IEA’s audience, which is largely American, they don’t stand up to scrutiny………………………………………..Full Article: Source


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VRS - who has written 36951 posts on Opalesque Commodities Briefing.


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