Saudi Arabia Set To Join Shale Revolution

Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas. —Bloomberg, 7 March 2018

Proposed amendments to the UK government’s planning policy have been met with anger by environmentalists, who claim the changes would “favor and facilitate” the exploration and extraction of onshore oil and gas, including fracking, environmental group Greenpeace has said. Under the proposed amendments, authorities “should recognize the benefits of onshore oil and gas for securing energy supplies and supporting the transition to a low-carbon economy”, it said. –Anamaria Deduleasa, Upstream Online, 7 March 2018

U.S. oil and natural gas are on the verge of transforming the world’s energy markets for a second time, further undercutting Saudi Arabia and Russia. –Time Magazine, 6 March 2018

The U.S. will supply much of the world’s additional oil for the next few years, according to a new report from the International Energy Agency (IEA). –Nick Cunningham, OilPrice.com, 7 March 2018

The globalists are on their way out of the White House, further diminishing the voices close to President Trump that say humans are warming the planet. Departures of key personnel have left an energy and environment policy vacuum that many within the White House expect to be filled by nationalist advisers. –E&E News, 7 March 2018

OPEC should beware as U.S. shale producers are set to steal a bigger slice of the world’s biggest oil market and threaten the cartel’s foothold in Asia, according to a top industry consultant. –Bloomberg, 6 March 2018