US Energy Upswing, Fruits of the Shale Revolution

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For the first time in 75 years, the United States has become a net oil exporter.

The energy boom is due largely to the diminishment of OPEC and the US Shale Revolution, which bore massive oil reserves stretching from Marcellus to the Permian.

This news comes on the heels of new installations made in Georgia’s Plant Vogtle Unit 3, which, along with Unit 4, will comprise, upon completion, the first nuclear facility to be built in the US in over 30 years.

Michael Lynch, president of Strategic Energy & Economic Research has said that the US is becoming “the dominant energy power in the world.”

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