The People of America's Oil and Natural Gas Indusry

The Benefits, Stability of American Energy

Mary Leshper

Mary Schaper
Posted October 9, 2013

Fracking the U.S. Trade Deficit

Christian Science Monitor: The US is slowly chipping away at its trade deficit, which should create more jobs, more economic growth, less unemployment, and a smaller federal deficit.

 

And the boom in domestic energy production is a key factor behind that narrowing trade deficit Over the past decade, oil and gas production has surged at vast shale formations in Texas, North Dakota, Pennsylvania, and elsewhere across the US. That has led to a rise in exports of petroleum products and a reduction in the amount of oil and gas the US imports from abroad.

 

It's one benefit of the domestic hydraulic fracturing and horizontal drilling revolution that has stirred passion on all sides of the debate over America's energy future.

 

Read more: http://bit.ly/17XiSnK


More industry news:

  • Carroll: The Shameless Use of Colorado’s Floods to Attack Oil and Natural Gas Drilling: http://bit.ly/1gqVJhd

ABOUT THE AUTHOR

Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.