May 2014, Vol. 241, No. 5


IEA Economist: Shale Gale Will Result In 20 Years of U.S. Dominance

IEA Chief Economist Fatih Birol synthesized the agency’s 2013 World Energy Outlook and his own analysis to suggest that for the next 20 years, low energy costs caused by the early and plentiful development of shale gas and energy infrastructure will give the United States a large competitive advantage over other nations when it comes to attracting and developing business. “For many years to come, both in the natural gas and electricity prices, there will be a substantial cost differential between the United States and many of its economic competitors,” Birol said. For the United States, he said the question to consider was “How much can I do in the next 2

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