Scotsman: IT IS almost impossible to overstate the impact of the shale gas and shale oil boom in the United States.
Here are some numbers: the US has increased its oil production by 23 per cent in the last two years; gas production has increased by 30 per cent in the last five years; US wholesale gas prices have dropped 75 per cent in five years. At the same time, the US has reduced its CO2 emissions, while emissions have increased in both Germany and Japan.
This transformation did not happen overnight....