If companies can figure out how to safely get and transport shale oil at a cost that makes business sense, we’ll see it come to market.
Great for U.S. Companies and Workers
Rising domestic energy production is great news for U.S. companies and workers.
Even with the fall in oil prices in the last few years, since President Barack Obama lifted the oil export ban in 2015, exports have surged. As production increases, there will be more opportunity for American workers to satisfy overseas energy appetites.
After some dark times, it’s looking brighter for American shale energy.
UPDATE: Check out this facinating 360-degree video from a drilling rig in Texas' Permian Basin.
About the authors
Senior Editor, Digital Content, U.S. Chamber of Commerce
Sean writes about public policies affecting businesses including energy, health care, and regulations. When not battling those making it harder for free enterprise to succeed, he raves about all things Wisconsin (his home state) and religiously follows the Green Bay Packers.