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Frackonomics, The Economics behind America's Shale Revolution

December 8, 2014
By Tim Fitzgerald

The revival of America's oil and natural gas sector is due to a combination of technological innovation, primarily fracking, and private property rights.

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The revival of America's oil and natural gas sector is due to a combination of technological innovation, primarily fracking, and private property rights. Fracking has been used since the 1940s, but is now combined with directional and horizontal drilling, helping unlock massive amounts of oil and gas. Oil and gas from fracking have revitalized the oil and gas supply in the United States, and are now having an impact on global markets. Continuing to respect relevant property rights will improve the long-term prospects for oil and gas development in the United States.

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Energy Economy Environment