16 May 2013 23:43 [Source: ICIS news]
HOUSTON (ICIS)--Part of the geopolitical inertia of continued increases in ?xml:namespace>
An energy-secure US in the future will not abandon the Middle East after the country no longer needs the region to supply a great deal of its energy needs, said Edward Djerejian, a former US ambassador to Syria and Israel and the founding director of the James A Baker III Institute for Public Policy at Rice University.
He made his comments during a presentation at the 2nd Annual National Association for Business Economics (NABE) Industry Conference.
As the shale oil and gas boom evolves,
The boom likely will result in downward pressure on oil prices and the de-linkage of natural gas prices from crude oil prices across the globe, he said. That, in turn, could cause countries who finance their governments on the back of higher oil prices to have economic unrest.
The outcome for the
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