Sheer scale of the global shale gas, and increasingly, shale oil revolution

The End of OPEC Despotism

By Peter C. Glover —— Bio and Archives--June 29, 2012

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

The tectonic plates of Middle East politics are shifting fast. Egypt’s Arab spring may have run into the sand of anti-democratic Islamism, but the days when oil-rich Arab sheikhs colluded to hold Western economies to ransom will soon end. Massive shale oil and gas discoveries across the West, Israel’s rising status as a Middle East energy powerhouse and a deepening internal rift over strategic policy are all colluding to hasten OPEC’s demise.

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