US Shale Could Herald Regional Oil Markets
The US ‘shale boom’ has left North America close to energy independence. If shale technology is widely exported, oil trade could become much more regionalized.
By- Saji Sam and Bernhard Hartmann
The technological revolution in US crude output has seen 4mn b/d added from mostly tight formations over the past four years. It has upended global oil markets, shifting trade flows. If the shale becomes a global revolution this...