Saudi, Argentina, and China Push to Tap Giant Shale Reserves ...Middle East

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Saudi, Argentina, and China Push to Tap Giant Shale Reserves
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Over the past decade, the United States has become the world’s biggest crude oil producer and the top LNG exporter—all thanks to the shale boom. Fracking has boosted U.S. oil and gas production to record highs and significantly raised America’s oil and gas exports, giving the United States sway over global oil and LNG markets. Soaring U.S. oil production has challenged OPEC’s decades-long influence on global oil supply and prices, while American LNG exports have upended global natural gas trade, both in cargo flows and pricing…

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