Fatih Birol, chief economist at the Paris-based organization which produces the annual World Energy Outlook, noted in an interview before the release that Middle Eastern oil once bound for the United States would probably be rerouted to China. US-mined coal, facing declining demand in its home market, is already heading to Europe and China instead. 


Then NO MORE WARS for RESOURCES, right?!!

There are several components of the sudden shift in the world’s energy supply, but the prime mover is a resurgence of US oil and gas production, particularly the unlocking of new reserves of oil and gas found in shale rock. The widespread adoption of techniques such as hydraulic fracturing and horizontal drilling has made those reserves much more accessible, and, in the case of natural gas, resulted in a vast glut that has sent prices plunging.... 


Yup, it's ALL GOOD!

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