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OCT 18, 2013 - Business Insider

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5 Surprising Ways The American Shale Boom Is Changing The World

U.S. energy independence is a myth. Oil is a globally traded commodity, so no matter how much oil and gas emerges from the Great American Shale Boom, the price we pay at the pump will remain dependent on supply and demand in the rest of the world, including the Middle East. As ITG Energy Research Director Judith Dwarkin told us recently:  "...the notion that the US is less exposed to disruptions in international crude trade now because it imports less oil reflects a lack of understanding about how the world oil market actually works. The world oil market is a single, integrated market ... Read More

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