Believers in U.S. Decline Will Be Disappointed

Believers in U.S. Decline Will Be Disappointed

Thanks to a new technology known as fracking, or horizontal drilling, U.S. energy production is booming. The United States, which until 2008 was a net oil importer, may surpass Saudi Arabia and Russia to become the world’s biggest oil producer by the end of this decade, according to the International Energy Agency.

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