China may have overtaken the United States as the world’s biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution, reports Reuters news service.

After a generation in which traders salivated over emerging markets, executives at the Reuters Global Commodities Summit spoke about the good old fashioned U.S.A. – soon to overtake Russia as the world’s biggest oil producer – the way they once used to gush about BRICS, write Ron Bousso and Lin Noueihed of Reuters.

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