Crude oil prices have dropped in recent days as more supply from Libya and an apparent easing of the Iraqi crisis have been supportive. But what impact will shale gas have on the energy markets of the future?
Dr Steve Fawkes, award winning energy analyst, discusses the future of shale gas and how the 'new' energy markets are being transformed by cheaper means of production. The US is the leading producer of shale gas with an estimated twenty five trillion cubic metres' output every year. By 2035 it's predicted that forty six percent of US gas supply will be from shale.