This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
The boom in shale oil production in the United States isn’t expected to have much impact on global markets.
That’s partly because demand among developing countries is expected to increase dramatically.
At the same time, the U.S. continues to move toward energy independence – and OPEC countries assume that by 2050 they won’t sell a single barrel of oil to the United States, Money Morning Global Energy Strategist Dr. Kent Moors told FOX Business.
Dr. Moors explains in the accompanying video where OPEC has now shifted its attention…
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