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Posts Tagged ‘oil supply glut’


Is Fracking Technology Using Up the Last of the Oil?

Four years ago we wrote to invest in oil shale or rather companies that use fracking technology to extract oil and natural gas from these deposits.
We suggested that one look at investment in sustainable fracking technology. Recovery of petroleum from oil shale deposits has allowed the USA to reduce its reliance on foreign oil to the lowest level in more than twenty years. Today the USA imports forty percent of its oil, down from sixty percent just a few years ago. If predictions hold true the USA will continue to increase oil and gas production from fields in both the […]

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