World ‘Awash’ in Oil as U.S. Sees Its Shale Boom Barreling Ahead
- U.S. seeks to sell liquefied gas to U.A.E., Saudis: Perry
- Perry to visit Saudi Arabia to discuss energy sales, nuclear
This article is for subscribers only.
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.
U.S. shale production has turned the world “on its head,” and Goldman Sachs Group Inc. is “off a bit” in a report last week saying that the bonanza is fading, Perry said on Sunday in Dubai.