Energy | Business | World

Is North America The Next World Capital Of Energy?

NPR | Sept. 27, 2013 3:07 a.m. | Updated: Sept. 27, 2013 6:18 a.m.

Contributed By:

Uri Berliner

A perfect storm of sorts is leading some Western energy companies to step back from investments and operations in the Middle East. Companies see increased risk in the region because of the turmoil and violence following the Arab Spring. Advances in technology have made it easier to produce oil in North America. And relatively high oil prices make it profitable to drill in North America, even if it’s costlier than production in the Middle East.

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