Shale potential could alter global trade, says US official - FT.com:
"The development of all the shale gas and oil resources in China and Europe would change the nature of the international energy trade, Ernest Moniz, the new US energy secretary, has said.
His comments came days after a billionaire Saudi Arabian investor gave warning of the threat the US shale boom posed to his country.
Mr Moniz, a Massachusetts Institute of Technology physicist who was confirmed as President Barack Obama’s energy secretary in May, said there would be “geopolitical consequences” if the shale oil and gas resources around the world were developed."
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