Hydraulic Fracking: A Story of American Innovation
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Date
2018-04-01
Authors
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Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
A regular misconception is that Saudi Arabia is the largest producer of energy from oil and natural gas. Despite massive oil production, Saudi Arabia produces less than 1% of total energy from oil and gas. The U.S. currently holds that distinction, producing over 49 quadrillion Btu of energy in 2016. How has the U.S. climbed to the top spot and reversed the long-run trend of decreasing production? Authors Dennis W. Jansen and John Sasso examine the history and technologies used in hydraulic fracking and analyze natural gas production from each state.
Description
EconomicGrowth_Development_TechnicalChange
Keywords
EconomicGrowth_Development_TechnicalChange