The Unstoppable Shale Revolution

Oil Below $50 Tests Economics of U.S. Shale Boom

By Guest Column Dr. Benny Peiser—— Bio and Archives--January 6, 2015

Global Warming-Energy-Environment | Comments | Back To Full Article

When it comes to price predictions, few things have become as slippery as crude oil. The big economic shock of this year is likely to transmute into several big political stories in 2015 as the consequences of the collapse in oil prices unfold. Shale oil and gas are revolutionary. But their real impact will be to destabilise the once well-buffered global oil price system. --Pramit Pal Chaudhuri, Hindustan Times, 23 December 2014

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