Saturday, October 25, 2014
"The fracking revolution in America's energy industry means that we are no longer a bit player in global energy production. Now our country is well-positioned for energy independence by the end of the decade and for world energy supremacy for decades to come. Already the U.S. has surpassed Saudi Arabia as the No. 1 oil producer and Russia as the No. 1 natural gas producer. We can and should use our nearly unlimited gas and oil supplies to drive a stake through the heart of OPEC - forever."
FRACKING: A technique in which rock is fractured by a hydraulically pressurized liquid which results in cracks being formed in bedrock thus releasing trapped natural gas or petroleum.