The Rise Of Regional Oil Markets

United States Shale Could Herald Regional Oil Revolution

The United States is transforming itself into the world’s largest oil producer, nearly independent of foreign suppliers, thanks to technology that allows profitable oil and gas production from shale.

This is upending the oil market by injecting fresh supply and shifting trade flows. But the shale phenomenon could become a global revolution as other areas of the world view the US less as a supplier, and more as a harbinger of regional markets. The confluence of volatile oil prices, abundant global shale resources, technology to extract these resources and geopolitics could push companies to produce oil and gas closer to where it is consumed. Such regional markets could upset the political world order in the long term, changing power dynamics between traditional oil producing nations and consumers.


See how different countries unconventional oil and gas resources compare by using our interactive chart.

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The Rise Of Regional Oil Markets