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Welcome to the Revolution

Why Shale is the Next Shale

Author: Edward L. Morse, Managing Director, Head of Commodity Research, Credit Suisse
May/June 2014
Foreign Affairs

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Despite its doubters and haters, the shale revolution in oil and gas production is here to stay. In the second half of this decade, moreover, it is likely to spread globally more quickly than most think. And all of that is, on balance, a good thing for the world.

The recent surge of U.S. oil and natural gas production has been nothing short of astonishing. For the past three years, the United States has been the world's fastest-growing hydrocarbon producer, and the trend is not likely to stop anytime soon.

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