Controversial, often demonized, and explosively powerful, fracking could be the key to a new American century.
The United States has moved beyond Russia to become the world’s top natural gas producer. That rise has come with a drop in prices that gives American companies cheap power to grow a huge advantage of over foreign countries.
Three or four years ago, we were talking about a term called peak oil and that is now a thing of the past. The US has increased its oil production by 3 million barrels a day since 2011. Meanwhile consumption has come down and if Congress lifts a ban on oil exports, the US could become an energy exporter of crude and is already set to ship natural gas. This would be huge to counter the Russian influence over Europe.