Claims that the shale boom in the US will eventually see the country become energy self-sufficient seems to have received its biggest blow yet after the International Energy Agency, in its latest World Energy Outlook report, stated that shale oil will only be a temporary trend, and very soon the world will return to rely on the Middle East for its oil.The World Energy Outlook admitted that shale had transformed the global oil industry, and that the light tight oil produced was helping to usher in a new abundance of oil. High oil prices will drive…
via OilPrice.com Daily News Update http://oilprice.com/Latest-Energy-News/World-News/IEA-Shale-Boom-is-Only-Temporary-well-Soon-be-Relying-on-Middle-East-Again.html
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Prometheus Institute 