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Shale drives uncertain new geoeconomics of oil

2015-10-09 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Inter Press Service: The emergence of fracking has modified the global market for fossil fuels. But the plunge in oil prices has diluted the effect, in a struggle that experts in the United States believe conventional producers could win in the next decade. The U.S. oil industry had peaked - when the discovery of new deposits and output from existing wells begins to fall - which made the country more dependent on imports. But the equation was turned around thanks to the new technique."The bubble won't explode, but...

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