David Goldwyn -- now a fellow at the Atlantic Council, fellow at the Brookings Institution and head of Goldwyn Global Strategies -- would eventually come to assume that role as head of the State Department's Bureau of Energy Resources, a Bureau that premiered under the watch of then-Secretary Clinton.
As Saudi Arabia continues to ramp up production, taking market share away from U.S. shale producers, U.S. shale is being forced to cut back. This story has been told many times over the past few months, but the data is finally confirming the success of Saudi Arabia's strategy, albeit a minor one thus far.
It's often said that you can't get economists to agree on anything. Well, oil economists certainly can't agree on future prices, with commentators suggesting anything from $20 to $200. Seldom has there been such a discrepancy in forecasting, though the median forecasts seem to be somewhere between $60 and $70.
If the U.S. is to reap the maximum benefits from the development of this resource, whether in manufacturing or in the quality of life of its citizens, it needs coherent federal strategies and partnerships that will build public appreciation of the impacts in all dimensions, and at global, national and local scales.
One of the world's legendary investors is upping his bet on Argentina's shale oil and gas industry in a show of confidence for shale production in South America's largest unconventional prize -- and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas.