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How the US oil, gas boom could shake up global order

Posted on 02 April 2013

Without fanfare, China passed the United States in December to become the world’s leading importer of oil – the first time in nearly 40 years that the U.S. didn’t own that dubious distinction. That same month, North Dakota, Ohio and Pennsylvania together produced 1.5 million barrels of oil a day — more than Iran exported.
As those data points demonstrate, a dramatic shift is occurring in how energy is being produced and consumed around the world – one that could lead to far-reaching changes in the geopolitical order………………………………………..Full Article: Source


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VRS - who has written 40596 posts on Opalesque Commodities Briefing.


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