September 17, 2014

The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% (24.3 Bcf/d from 20.2 Bcf/d). The United States, long dependent on the imports of foreign oil, is now speaking aloud