The Three Seismic Shifts That Are Shaking Up the World of Energy
There's no denying the huge changes that are underway
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BP Plc released its yearly Statistical Review of World Energy on Wednesday. Used for decades as an industry benchmark, this year's edition laid bare the seismic shifts taking place in global energy markets.
The rise in U.S. crude output has simply been explosive. America added 1.6 million barrels a day in 2014, taking production past its previous peak in 1970. It also made the U.S. the world's largest crude producer, knocking Saudi Arabia off its perch.
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The Three Seismic Shifts That Are Shaking Up the World of Energy