Harvard has a new US Shale Oil Study forecasts US as world number one oil producer with 16 million barrels per day of all liquid oil in 2017
In a paper titled “The Shale Oil Boom: A U.S. Phenomenon,” [64 pages] Maugeri wrote that the unique characteristics of shale oil production are ideal for the United States — and unlikely to be mirrored elsewhere in the world. These factors include the availability of drilling rigs, and the entrepreneurial nature of the American exploration …