Saudi Gazette - Shale shake-up rattles oil sector:
"A very interesting, engrossing lively and captivating debate is gripping the oil Kingdom. Effect of the emerging global shale revolution, and its impact on the oil rich region, is now under hammer here too. Consequences of this evolving revolution could indeed be far reaching – touching not only the economy and the socio-political arena of the oil producing countries, but the regional, and indeed, global geopolitics too. The entire fabric may undergo a transition.
The debate has been raging within the energy fraternity in Riyadh and Dhahran for some time now, but, last week’s tweet by Prince Alwaleed bin Talal has launched the issue in public domain. Indeed it is not every day that Prince Alwaleed picks up energy issues. For at least publicly this is not his domain. But indeed with massive investments throughout the region and beyond, the prince is not immune to this changing picture.
A new global energy order – starkly different to the existing order – is very much in the making, Prince Alwaleed is now underlining."
'via Blog this'
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