Thanks to secure property rights, this technology has the power to resuscitate our lagging economy.
Should you fret or fete about fracking? Terry Anderson says that the United States has vast amounts of natural gas resources, which would mean falling world oil prices as people switch from oil to natural gas.
A new drilling technology is opening up vast fields of previously out-of-reach oil in the western United States. This new drilling is expected to raise U.S. production by at least 20 percent over the next five years. And within 10 years, it could help reduce oil imports by more than half.