Analysis  |  18 June 2012

The US unconventional oil revolution: are we at the beginning of a new era for US oil?

Dr. Salman Ghouri and Areeba Ghouri

Everyone is familiar by now with the unconventional (shale) gas revolution in the US, which has transformed US and global gas markets. Less well known to the wider public is that an unconventional (shale) oil revolution is also gathering pace, with equally far-reaching implications. It is not unlikely that the US, the world's largest crude oil importer, could go a long way towards self-sufficiency by 2035. This would drastically change the global energy equation.

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