Shale oil and gas ‘will make US self-sufficient’

http://www.guardian.co.uk

Shale oil and gas ‘will make US self-sufficient’

BP forecasts that growth in shale oil and gas will make the US self-sufficient by 2030 – but UK will still need Gulf suppliesGrowth in shale oil and gas supplies will make the US virtually self-sufficient in energy by 2030, according to a BP report published on Wednesday. In a development with enormous geopolitical implications, the country’s dependence on oil imports from potentially volatile countries in the Middle East and elsewhere will disappear, BP said, although Britain and western Europe will still need Gulf supplies.