Monday, July 29, 2013

OPEC, Shale, And The Kingdom Gets Nervous

It's news to me that last year the USA imported the lowest amount of foreign oil in 15 years.

Apparently some people in Saudi Arabia did notice. Exploitation of shale (oil and gas) is looking amazingly like the future for US energy, whether or not OPEC, or our domestic green party like it or not.

Predictions are that by 2030, The USA will be a net exporter of Gas from Shale as a result of improvements in technology.

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