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February 1, 2012

Frack Boom Could Finally Cap Peak Oil Myth

Peter Orszag, Bloomberg


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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. . .

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TAGGED: domestic energy production, domestic energy, shale gas production, natural gas, Fracking, peak oil, oil, Bloomberg

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