What is happening in the US between now and 2025 [is] a huge expansion of oil production, about 80% of the global oil production growth comes from the US. It exceeds the huge expansion of Saudi Arabia which we witnessed in the 1960s and 70s.
By the time Shell tasked Hubbert with explaining how fracking worked, “we had the records of several thousand fracturing jobs, with varying degrees of reliability in their data,” he recalled. “We had to smoke out useful information.”
We currently import around half of our gas needs, but by 2030 that could be as high as 75%. That's why we're encouraging investment in our shale-gas exploration so we can add new sources of home-grown supply.