1. ENERGY MARKETS:
U.S. shale production will redraw global energy map within 25 years, IEA predicts
LONDON -- Without exporting a drop of oil or a whiff of gas, the energy revolution in the United States is redrawing the global energy map and reshaping world geopolitics. If anyone doubted the impact of U.S. unconventional gas and oil over the last half decade, the International Energy Agency put those doubts to rest in its latest annual forecast.
2. NEW YORK:
Superstorm Sandy may have washed out election bump for 'fracking'
NEW YORK -- Pro-industry groups in the Empire State have been jubilant in the wake of this year's elections, claiming an endorsement of hydraulic fracturing for shale gas was evident in local and national results. But with Superstorm Sandy fallout related to climate change and energy infrastructure now acting as a wild card, political observers here are unsure whether the past few weeks have been good or bad for the drilling practice.