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Commodities Briefing - Categorized | Market Moves, Oil more

Is the U.S. Fracking Boom a Bubble?

Posted on 15 July 2014

America’s oil boom continues at breakneck speed. Last week the Bank of America released figures showing that the U.S. is now the world’s leading oil producer, overtaking both Saudi Arabia and Russia.
Ways of extracting “tight” oil and gas from shale rock and other unconventional sources have revolutionized energy production. In the first half of this year the U.S. produced 11 million barrels of oil a day………………………………………..Full Article: Source


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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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