The U.S. is counting on a long-term abundance of oil & natural gas: But what if the boom is just a bubble?

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Despite recent declines in oil and natural gas production, Americans continue to be told that the United States is destined to have growing supplies of both, thanks to the widespread use of horizontal drilling and hydraulic fracturing (“fracking”). This “shale revolution,” we’re told, will fundamentally change the U.S. energy picture for decades to come....