There is an ongoing power shift in the world energy market that is receiving scant attention in the MSM.  The International Energy Agency (IEA) in its annual publication, World Energy Outlook, predicts that the U.S. will dominate the global oil and gas markets for many years to come as a result of the shale boom, which is the biggest supply surge in history. By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural gas will surpass those of the former Soviet Union, the agency said…. The boom will turn the U.S., still among the biggest oil importers, into a net exporter of fossil fuels. (emphasis added) IEA Executive Director Fatih Birol said, The United States will be the undisputed leader of global oil and gas markets for decades to come…There’s big growth coming from shale oil, and as such there’ll be a big difference between the U.S. and other...(Read Full Post)