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The epicentre of world energy moves out of Middle East Add to ...

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If the centre of world energy moved out of the Middle East, there would be sighs of relief in many places. The headline numbers from BP’s Statistical Review of world energy for 2013, published this week, suggest that something like this may be happening. Not only is U.S. oil and gas production booming – up 14 per cent in 2012 over 2011, faster than all producers except recovering Libya – but its reserves of shale are changing the energy landscape both locally and globally.

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