Tuesday, 14 January 2014

UAE unfazed by shale revolution | The National

UAE unfazed by shale revolution | The National:

"The UAE has a clear message for those who believe the shale revolution in North America will challenge Opec’s status as supplier of 40 per cent of the world’s oil.

“This is a great thing for all human beings and all industries and our business,” Ali Al Yabhouni, the UAE’s Opec governor, said yesterday.

“I don’t understand why some people look at this as a threat at Opec producers.”"

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