Why America’s Fracking Revolution Won’t Be Hurt (Much) By Low Oil Prices

Why America’s Fracking Revolution Won’t Be Hurt (Much) By Low Oil Prices

Fortune/Time Magazine | December 02, 2014 | by Brian Dumaine

Since 2008, U.S oil production has risen from about 5 million barrels a day to more than 9 million—an 80% increase. As fracking boomed, the U.S. oil industry has helped the country become more energy independent and has created slews of high-paying jobs—President Obama, in fact, once said fracking has the potential to create as many as 600,000 jobs.

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