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Shale CEO: U.S. To Be The World’s Top Oil Producer By Fall

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Pioneer Natural Resources chief Scott…

Global Energy Consumption Soars To New Heights

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Fracking is Worth Over $100 Billion a Year to US Consumers

Energy production is one of the few bright spots in the American economy. A back of the envelope cost-benefit calculation from a Yale-associated group estimates that recent increases in shale gas production have been worth just over $100 billion annually to US consumers. In comparison, the authors estimates that groundwater contamination costs $250 million per year, a 400 to 1 benefit to cost ratio.

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