-- "Energy intensive industries in Europe and Asia are becoming
increasingly envious of the huge competitive advantage their U.S. rivals
have gained from a boom in natural gas production. The gap between U.S. and international gas prices has expanded to all
time highs, giving American industries a competitive advantage that
could be worth as much as $1 billion a day
2. "The development of the Eagle Ford shale
continues to prompt dazzling
assessments and predictions from experts, who said at an energy
symposium Wednesday that in four years, the oil-rich formation could
become the nation’s second-most productive shale play.
Production in the Eagle Ford could reach 1 million barrels a day by 2016."
4. "The shale energy boom in North America will lead
to an industrial revival in the region while Europe could benefit from a
conventional gas glut that will help decouple it from surging global
oil prices, according to industry leaders and analysts.
boom in North American shale gas production in the past five years has
resulted in sharp falls in domestic power and gas prices there and could
turn North America from a gas importer into a large exporter, and a
similar development is seen as underway in the oil sector.
fundamentally modifies the geopolitical landscape, and this is bullish for the
U.S. They will have the cheapest power, gas, and oil and that could lead
to an industrial revival as its industry becomes globally competitive
again because of cheap energy, said Daniel Jaeggi, co-founder and Head of Global
Trading of Geneva-based commodities trading house Mercuria."