FYI: 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 productio
Regards,
Ted
https://www.stlouisfed.org/on-the-economy/2018/may/rise-shale-oil
