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The US shale revolution won’t stall despite headwinds, global oil experts say

November 11, 2019

U.S. shale oil production has shown some signs of moderation in recent months and production growth could be slowing, but experts told CNBC at Abu Dhabi’s influential oil & gas summit that the U.S. shale revolution won’t be stopped any time soon.

The U.S. is expected to become a net energy exporter in 2020, exporting more energy products ranging from oil to natural gas, than it imports, according to the U.S. Energy Information Administration (EIA). Jason Bordoff, professor and director at Columbia University’s Center on Global Energy Policy and a former adviser to President Obama, told CNBC Monday that he didn’t think that status would be short-lived.

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