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View Full Version : US Shale Shirfts Global Power Balance


Kathianne
05-14-2013, 07:44 PM
Well because the US wasn't a major power before?


http://www.bbc.co.uk/news/business-22524597#?utm_source=twitterfeed&utm_medium=twitter


14 May 2013 Last updated at 10:00 ET <script type="text/javascript"> <!-- $render("page-bookmark-links","page-bookmark-links-head",{ useForgeShareTools:"true", position:"top", site:'News', headline:'BBC News - US shale oil supply shock shifts global power balance', storyId:'22524597', sectionId:'99104', url:'http://www.bbc.co.uk/news/business-22524597', edition:'US' }); --> </script> US shale oil supply shock shifts global power balanceShale oil production adds economic value, but critics say the costs to the environment are also large
14 May 2013 Last updated at 10:00 ET

<script type="text/javascript"> <!-- $render("page-bookmark-links","page-bookmark-links-head",{ useForgeShareTools:"true", position:"top", site:'News', headline:'BBC News - US shale oil supply shock shifts global power balance', storyId:'22524597', sectionId:'99104', url:'http://www.bbc.co.uk/news/business-22524597', edition:'US' }); --></script>
fj1200
05-15-2013, 05:54 AM
Well because the US wasn't a major power before?

http://www.bbc.co.uk/news/business-22524597#?utm_source=twitterfeed&utm_medium=twitter


The US will change from the world's leading importer of oil to a net exporter.Demand for oil from Middle-East oil producers is set to slow as a result.
"North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven.
The surge in US production will reshape the whole industry, according to the IEA, which made the prediction in its closely-watched bi-annual report examining trends in oil supply and demand over the next five years.

That seems a bit out there. I think the Middle East's production cost advantage would keep their projection from occurring.
taft2012
05-15-2013, 06:09 AM
Why does it seem that oil production is only bad for the environment when it's on our land or off our coast?

Don't Brazil and Saudi Arabia also have environments?
CSM
05-15-2013, 06:30 AM
Why does it seem that oil production is only bad for the environment when it's on our land or off our coast?

Don't Brazil and Saudi Arabia also have environments?

Brazil and Saudi Arabia do indeed have environments. What they don't have is liberal, progressive environmentalists with a socialist agenda trying to bring their nations back to the Stone Age.
aboutime
05-15-2013, 03:13 PM
Well because the US wasn't a major power before?


http://www.bbc.co.uk/news/business-22524597#?utm_source=twitterfeed&utm_medium=twitter


Yeah. Critics like AL GORE, who stands to make nothing in increasing his ever growing Wealth...and Offshore protections from Obama taxes.