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The US ban on crude oil exports, introduced in the wake of the 1973 Arab oil embargo, is being challenged because advances in technology have vastly increased production and decreased the need for imports. The shale oil industry produces light crude. There is now a glut and some restrictions on its export have already been lifted. But this move raises issues for en...
A number of countries in Europe and Asia have been deeply sceptical about the benefits of using their own shale gas resources, mainly because of warnings over risks to the environment. But as the supply of energy becomes ever more problematic - and expensive - particularly in the wake of US dominance in the shale gas market, some in Europe are having second thought...
Dr. Frank Umbach