The U.S. shale boom is big, but not an economic silver bullet
Share Now on:
One front where the U.S. is closing its trade deficit: oil and gas. The International Energy Agency’s new World Energy Outlook forecasts astounding growth in U.S. shale oil production, a growth rate that rivals that of Saudi Arabia at its fastest. The agency said the U.S. will eventually sell more oil than it buys, and while that’s big energy news, it’s not enough to fuel the entire economy.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.