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.
Jonathan Fahey is an Associate Editor at Forbes where he writes about energy for Forbes magazine and Forbes.com. Fahey is a 2010 PERC media fellow.