February 1, 2012
Frack Boom Could Finally Cap Peak Oil Myth
Peter Orszag, Bloomberg
The U.S. oil market could be on the verge of its own fracking revolution, similar to what the natural-gas market is already experiencing. As a result, domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in U.S. oil consumption. . .
TAGGED: domestic energy production, domestic energy, shale gas production, natural gas, Fracking, peak oil, oil, Bloomberg