The Huge Impact of Israel's Energy Reserves

Mr. Solomon projected that within the next one to two decades, the Muslim nations will lose their oil weapon and diplomatic clout due to a new emerging energy order. Recent discoveries of plentiful global resources of shale oil and shale gas reserves, in combination with technological advances in "fracking," the hydraulic fracturing technique used to obtain the oil and gas from shale's permeable geologic formations, will enable many countries to be less dependent on energy imports. According to Solomon, shale oil will be so abundant that in the future China will join the ranks of energy exporters, and a total of thirty-eight countries in every region of the world could achieve energy self-sufficiency. The boom will push prices down and North America, already engaged in developing its immense amounts of shale, can become energy independent in a decade.

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