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Impact of dramatic increase in US Shale Oil production

Posted on 23 April 2014

The US energy industry is witnessing a transformation with advances in hydraulic fracturing technology causing huge production growth in natural gas by 35% or 17 bcf/d.
Bank of America-Merrill Lynch (BofAML)in a report said that since 2010 onwards, US domestic crude and liquids production has expanded by 2.5 mn barrels per day or 33%. As a result, America became the largest contributor to increase in oil and natural gas supplies in the world in 2010-13 period………………………………………..Full Article: Source


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