World ‘Awash’ in Oil as U.S. Sees Its Shale Boom Barreling Ahead
A pumpjack is silhouetted as it operates in Baku, Azerbaijan. (Photograph: Taylor Weidman/Bloomberg)

World ‘Awash’ in Oil as U.S. Sees Its Shale Boom Barreling Ahead

(Bloomberg) -- Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.
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