Last week the International Energy Agency (IEA) released its World Energy Outlook 2017 . The report identified four large-scale shifts underway in the global energy system: The rapid deployment and falling costs of clean energy technologies The growing electrification of energy The shift to a more services-oriented economy and a cleaner energy mix in China The resilience of shale gas and tight oil in the United States All of these shifts have implications for investors, but it was the projections on the U.S. shale boom that garnered most of the headlines. A New Oil Superpower? The report projected that the U.S. would be a net exporter of oil within a decade, and is set to become the world’s dominant oil and gas production leader for decades. The IEA further projected that the U.S. will be responsible for 80% of the world’s new oil production through 2025, and that will […]