shale boom

Oil: dipping below USD 60 as fears become fact

Oil Prices: Dipping Below 60 $ As Fears Become Fact

The Corner | For the second time this month, oil prices dropped below 60 $ per barrel. Growth concerns and a bearish market mood drove the latest sell-off, but fundamentals are now adding to the price pressure. US oil inventories swelled unexpectedly and led to a drop in oil prices.

energy security2

Shale and European Energy Security

What does the shale revolution mean for European energy security? An increase in localized production would shift dependence and decrease the exorbitant prices that European consumers pay for energy. Currently, electricity costs in Europe are roughly triple American prices and double Japanese prices.