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Night School, Class 1: Green energy’s big year
Behind the Money
The US Economy and the Shale Gas Revolution
The US has gone from being one of the biggest importers of crude oil in the world to actually a net exporter. And that's been brought about by this surge in shale production from about 2005 onwards. The other thing it did was made manufacturing much cheaper here. So it was this huge transformation in the outlook for the US economy, gave it a competitive advantage and all came crashing down by 2020 when oil supply, oil prices crashed and oil supply in the US tumbled as well.
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