U.S. Oil Production Boom | WAMU 88.5 - American University Radio

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U.S. Oil Production Boom

According to the International Energy Agency U.S. oil and gas production will exceed that of Saudi Arabia in less than seven years. The boom in shale oil extraction is behind this remarkable turnaround. Increased production will spur job growth in some states and will likely lead to an overall improvement in the balance of trade, and it could also set the stage for geopolitical shifts. However, analysts caution the increase won’t usher in the much touted goal of energy independence, nor is it likely to fully cushion us from price volatility. There are environmental concerns as well. Please join us to discuss the implications of stepped up U.S. oil production.

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