The shale oil and gas revolution in the United States (U.S.) has led to a more than 4 million barrels per day increase in domestic oil production since 2008.
The shale oil and gas revolution in the United States (U.S.) has led to a more than 4 million barrels per day increase in domestic oil production since 2008.
Global oil prices may stay low for the next 10 or 20 years, according to Stanford economist Frank Wolak. The most likely medium-term outcome is $50 to $70 per barrel, according to Wolak.