Monday, April 14, 2014

Memo To Self: Follow-Up On This Two Years From Now To See How Saudi's Fracking Is Coming Along

OilPrice is reporting:
In an attempt to reduce its domestic consumption of oil, and therefore free up more product for export to the world markets, Saudi Arabia plans to become one of the first countries outside of North America to use shale gas for power generation.
The US shale gas boom transformed the country from the largest gas importer in the world, to a potentially huge exporter, and Saudi Arabia hopes that fracking will supply it with an abundance of natural gas that can be used for domestic power generation.
My hunch: this is about the last time we see an article on this "development."