Several days ago OPEC, the Organisation of the Petroleum Exporting Countries, announced a cut in production to raise the price of oil. This was big news because Saudi Arabia and others had kept the price low in an attempt to undercut the nascent American shale oil and gas industry. Well…that didn’t work.
In this article from Bloomberg, you can see how the United States could be positioned to become an energy superpower. But, they also lay out the various snags and pitfalls that could dim that outlook. This map from the article details the destinations thus far of America’s natural gas, in liquefied state.
Credit for the piece goes the Bloomberg graphics department.
