The United States stands in a unique position in the energy market with a robust shale oil sector and prospects for liquefied natural gas, the IEA said. Fatih Birol , the head of the International Energy Agency, met in Washington with U.S. Energy Secretary Rick Perry to discuss global oil and gas market developments. According to the IEA, spending on shale oil exploration and production is on pace to grow by more than 50 percent this year, while U.S. natural gas will account for 40 percent of new global production in the next five years. “The United States stands today at the heart of a twin energy revolution — a booming shale oil and gas industry […]