BP: Shale gas, tight oil to reshape global markets by 2030

02/11/2013
The North American shale gas and tight oil revolution will reshape global markets, changing economic expectations and rebalancing trade flows, BP PLC said in its BP Energy Outlook 2030. "As the US becomes 99% self-sufficient by 2030, oil imports' share of its trade and services deficit will approach zero," said Mark Finley, general manager for global energy markets and US economics at BP America Inc. North America will continue to dominate shale gas and tight oil production growth during that period because so much of its resource base is privately owned, and drilling contractors, service and supply companies, and other support industries are heavily concentrated there, he said ...
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