How the markets will react to more North American fuel production
Engineers at work on the drilling platform of a shale fracking facility.
A shift in global fuel production is afoot, according to a new report from the International Energy Agency. It predicts that over the next five years, North America will dominate new supplies of oil and natural gas. The trend is in part due to a surge in new technology like hydraulic fracturing, or fracking.
Juli Niemann, analyst at Smith, Moore & Company in St. Louis, explains what this means for the US economy and the green energy sector.