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What oil crisis? U.S. shale boom inspires Saudis to start fracking | By WorldTribune.com

Tuesday, October 22, 2013 13:17
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By WorldTribune.com on Oct 22, 2013 02:19 pm

ABU DHABI — Saudi Arabia plans to produce shale gas in competition with the United States.

Saudi Aramco chief executive officer Khalid Al Falih.  /Reuters

Saudi Aramco chief executive officer Khalid Al Falih. /Reuters

[Related story: Number one: U.S. becomes world’s top oil producer, thanks to shale boom, Oct. 18]

The state-owned Saudi Aramco said it intends to move toward exploration and production of shale gas in the Gulf Cooperation Council kingdom.

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Filed under: Miscellaneuos News



Source: http://jericho777.wordpress.com/2013/10/22/what-oil-crisis-u-s-shale-boom-inspires-saudis-to-start-fracking-by-worldtribune-com/

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