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Étiqueté : tight oil

The US tight oil revolution and its impact on Gulf Cooperation Council Countries

“While the impact of the increase in US production on prices and on oil market dynamics is yet to be fully felt, as some of the underlying forces still need time to unfold and need to be fully understood, it is important to provide a general framework to help us analyse the US shale revolution and its potential impacts on oil markets and key Middle East producers…”

The shale gas and tight oil boom: U.S. States’ economic gains and vulnerabilities

U.S. policymakers have been concerned about the country’s dependence on imported energy since World War II. Those concerns were highlighted in the 1970s when episodes of sharply rising oil prices led to recessions, economic stagnation, and high inflation. However, recent gains in U.S. oil and natural gas production are changing the dialogue about U.S. energy strengths and vulnerabilities… (extr. introduction)