Fracking Won't Bring Energy Independence

America is making its energy supply more secure—but we can't untie ourselves from the global energy market.

Issue: March-April 2014

THE WORLD has been caught by surprise by the United States’ shale-oil boom. Analysts and experts are still clashing about both its true extent and the possibility of extending a shale revolution beyond North America. In just a few years shale oil could make the United States the world’s top oil producer. But a shale revolution is unlikely in the rest of the world, due to some unique factors that characterize the U.S. oil and gas patch.

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