The shale revolution in the United States, as with any revolution, will be brief, Graeber writes. It's what happens after the revolution ends that matters.
The shale genie is out of the bottle, Warren writes. US production in shale oil and gas offers lessons learned for countries desiring to exploit their own energy resources.
The US shale gas and oil revolution has shown that hydrocarbons are almost everywhere, Grealy writes, and we no longer need to go to the ends of the earth or spend or spend a ton of capital to find them. The new energy paradigm is a world where the most attractive projects are those closest to markets.
Changing energy portfolios are factoring into oil supply and demand equations in the future. The potential for Iran to return to oil markets could particularly shake up OPEC and the global outlook.
OPEC will keep its current oil production levels despite a rapidly changing global energy market. But with a shale revolution in the US, production booming in Saudi Arabia, and Iran hoping for a return to market, OPEC may eventually have to shift strategy.
The US will lead the world in oil production for two decades starting in 2015, according to a new report. After that, OPEC will reassert its dominance in oil production.
North American oil markets are pulling away from foreign market because of increased domestic production. Still, OPEC producers should still hold a key stake in a changing oil game, according to the International Energy Agency.
Conversations surrounding last week's oil markets centered on Libyan production issues and the possibility that U.S. military strikes on Syria may have broader implications for crude oil, Graeber writes.