Will America’s Superb Shale Oil Development be Matched in Other Parts of the World?

Will America’s Superb Shale Oil Development be Matched in Other Parts of the World?

The Desert Sun | October 06, 2014 | by Morris Beschloss

With geopolitical and economic disintegration in most of the world’s oil production capability increasingly susceptible to Islamic and other nihilistic political extremism, the timely initiation of mass fracking, which has more than doubled U.S. oil production from 3.2 million barrels per day to 8.5 million bpd in a five year time span, proved to be a godsend. It is expected to increase to between 15 to 20 million bpd in 20 years. This potential objective could evolve the U.S. economy from a desperate importer of oil at any price to the world’s number one exporter by 2040.

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