Shale Boom in Texas Could Increase U.S. Oil Output

NY Times reports that Shale Boom in South Texas may increase oil output.

The market news is quoted as saying:

The Texas field, known as the Eagle Ford, is just one of about 20 new onshore oil fields that advocates say could collectively increase the nation’s oil output by 25 percent within a decade — without the dangers of drilling in the deep waters of the Gulf of Mexico or the delicate coastal areas off Alaska.

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