New IEA report confirms the long-term impact of oil & gas boom in North America
A new report from the International Energy Agency (IEA) offers a fascinating if weighty glimpse of the revolution in the oil and gas industry, where hydraulic fracking and horizontal drilling are unlocking new reserves.
In a press release promoting the report, “Medium-Term OilMarket Report(MTOMR),” IEA’s Executive Director Maria van der Hoeven, said, “North America has set off a supply shock that is sending ripples throughout the world. The good news is that this is helping to ease a market that was relatively tight for several years. The technology that unlocked the bonanza in places like North Dakota can and will be applied elsewhere, potentially leading to a broad reassessment of reserves. But as companies rethink their strategies, and as emerging economies become the leading players in the refining and demand sectors, not everyone will be a winner.”
You can read the free 11-page overview of the report by clicking here or pay approximately $308 for a PDF of the full 141-page report by clicking here.
The cover story in Electrical Wholesaling’s May explores this trend in depth. Click here to access the digital version of this issue and read this article.
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.