I thought all this oil that the US is finding is from Fracking. If I understand correctly there are two major issues with this energy supply.
- Environmental - There are calls that fracking is effecting Aquifers. Havn't several states banned fracking?
- Depletion - Again correct me if I am wrong but don't these fracked wells have steep decline rates.
I think its an ambitious plan to be 100% non dependent on foriegn imports but if I can get the stuff out of the ground for cheaper from other sources then I will leave the US stuff in the ground and go look for cheaper plays.