November 16, 2012

A Rising Tide of American Oil Could Lift All the World's Ships

Quartz, Quartz


AP Photo

Recent projections that the US could become the world’s biggest oil producer much sooner than anyone expected have got American politicians and investors excited about the potential boost to the US economy. Turns out it may be a boon for the global shipping industry too.

Ioannis Lazaridis, CEO of international shipper Capital Product Partners, explained on a conference call two weeks ago (webcast) why he was excited about projections from the International Energy Industry (IEA) that showed the US to be an up-and-coming player in global energy markets.

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TAGGED: Oil

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