Horizontal drilling and hydraulic fracturing — the shale revolution — have bolstered the US economy while enhancing our foreign and military policy position.

The combination of horizontal drilling and hydraulic fracturing is at the heart of the shale revolution and has yielded abundant unconventional energy. It has also improved the US economy (creating jobs, state tax revenues and oil independence) while providing a means to enhance our position with respect to foreign and military policies.

BACKGROUND:

The Obama administration authorized export of US crude oil; based on shale oil quantities satisfying US demands with available export surplus. The Trump administration has capitalized on this previous policy to utilize US unconventional shale oil and gas resources as a means to implement a hard economic foreign and military policy.

Consider appointments, for example. There’s Rex Tillerson, our Secretary of State, whose experience as Exxon-Mobil CEO offers a comprehensive understanding of many nations’ economic reliance on oil and gas. In addition, Harold Hamm, CEO at Continental Resources and presidential candidate advisor, possesses a thorough appreciation of horizontal drilling and hydraulic fracturing as the fundamental elements of the shale revolution.

Read more:

http://naturalgasnow.org/shale-revolution-oil-gas-economic-big-stick/