21.05.2013 - Game over for OPEC?
For more than a decade, the biggest question in energy has been whether production could keep pace with the rapidly escalating demand from emerging markets. It did, barely, thanks to crude prices that have quadrupled over that span. The question now, though, is whether the still fast-growing Asian crude demand can keep pace with the even faster-growing production gains in North America, driven by the boom in US tight “shale” oil and increasing exploitation of the Canadian oil sands......................................Full Article: Source
Print