The Rise Of Shale Oil
from the St Louis Fed
– this post authored by Michael T. Owyang, Assistant Vice President, and Hannah G. Shell, Senior Research Associate
Technological advances that allow oil producers to extract crude oil from shale rock formations have reshaped the landscape of U.S. oil production over the last 10 years. Since 2008, shale oil production has increased from around 450,000 barrels per day (bpd) to over 5 million bpd and now accounts for more than half of total U.S. crude oil production.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201805220540
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