A ‘Major Second Wave’ of U.S. Fracking Is About to Be Unleashed Upon the World

U.S. oil and natural gas is transforming the world’s energy markets for a second time. The adoption of fracking in the U.S. opened billions of barrels of oil and trillions of cubic feet of natural gas to production. This transformed the global energy sector in a matter of a few years. Now a leading global energy agency says U.S. natural gas is about to do it again.  International Energy Agency (IEA) said in a new forecast that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas.
http://time.com/5187074/fracking-energy-oil-natural-gas/ 

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