FORBES –  Naysayers said the development of tight shale formations to extract oil and gas was too costly and would never amount to any significance. Many years have passed, and the reality is that shale production has surpassed all expectations.  Shale oil and gas development has completely upended the conventional thought that domestic crude oil and gas production peaked in 1970 and 2005, respectively.

U.S. Shale Oil And Natural Gas, Underestimated Its Whole Life