January 9, 2014

FRACKERS ARE AMERICAN HEROES: Shale Is Hale: American Energy Booms On. “America is sitting pretty when it comes to energy production, and a new report suggests things will be getting even better. In its January Short-Term Energy Outlook, the Energy Information Administration bumped up its forecasts for U.S. oil and gas production. Oil output is set to hit a 43-year high next year, while annual natural gas production is expected to rise to an all-time high for the fifth straight year in 2015. Even better, burgeoning domestic production means less of a need to import oil and gas. Natural gas imports are forecast to drop to a near 30 year low next year, and as the WSJ reports, America’s oil trade balance is at its healthiest state in 20 years.”