U.S. natural gas changes global energy-supply dynamics

11/1/2012 | FuelFix.com

The U.S. is entering a new energy reality as natural gas from shale provides the country with a reliable energy option, speakers at a Rice University forum said Thursday. "This will be the redefining global phenomenon, from a finite world to a surplus world," said Ken Hersh, CEO and co-founder of NGP Energy Capital Management. The effects are also felt in Europe, where countries are reassessing their reliance on Russian gas as alternate supplies become a viable energy source, Hersh added.

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