The shale bonanza domestically has changed America's energy competitiveness dramatically, as cheap natural gas offers significant benefits to numerous industries. For the first time in 20 years, the U.S. produced more oil than it imported in October. While unconventional shale drilling is still a North American phenomenon, 2014 should kick-start international shale development, according to Wood Mackenzie. There is no denying the globally immense shale resources, but will the shale craze become a revolution internationally like it did in North America?
This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors @TMFEnergy.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.