❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now

The U.S. shale boom is big, but not an economic silver bullet

Jed Kim Nov 14, 2017
HTML EMBED:
COPY

The U.S. shale boom is big, but not an economic silver bullet

Jed Kim Nov 14, 2017
HTML EMBED:
COPY

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.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.