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Shale Revolution

Shale Revolution

In 2008, peak oil was treated as settled science. America hit a 40-year production low of 5.0 Mb/d — and WTI crude hit a record $133/bbl. The pundits were unanimous: we'd hit the ceiling. They were wrong. The shale revolution — horizontal drilling plus hydraulic fracturing — upended every model. US production doubled from the 2008 nadir ...

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Fracking Pros and Cons

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