U.S. oil independence isn’t just a dream

Mark Williams, School of Management

Somewhere in the barrage of oil market-moving news and monthly reports released this week we almost missed it: oil independence for the U.S. isn’t just a dream…

Expert quote:

“The U.S. oil boom is only in the second inning of a nine-inning ball game. The shale revolution in North Dakota’s Bakken and Texas’ Eagle Ford field has completely changed the supply picture with the U.S. soon surpassing Saudi Arabia in daily production. It is remarkable how quickly the rich shale reserves have tilted the balance of oil power towards the U.S.”

View full article