Is the US shale gas/oil revolution seriously exaggerated?

Indeed, the rise of hydraulic fracking from Montana to Texas to Pennsylvania has lifted U.S. oil production mightily, from 5.6 million barrels a day in 2010, to a current ... Since supply won't typically drop with a fall in the world's thirst for oil, a decline in demand generates big, exaggerated downdrafts in prices. read more

The shale revolution has changed the US energy scene. Since 2007, US has begun exploiting the untapped resources to emerge as an energy giant. Extraction was considered expensive and unvisited. read more

Oil production from shale deposits (or “tight oil”) is growing even faster. The United States has gone from averaging 5 million barrels per day of total crude oil production in 2008 to 8.7 million barrels per day in September 2014—and the EIA now projects it will top 9.5 million barrels per day in 2015. read more

The “ Shale Revolution” refers to the combination of hydraulic fracturing and horizontal drilling that enabled the United States to significantly increase its production of oil and natural gas, particularly from tight oil formations, which now account for 36% of total U.S. crude oil production. read more