U.S. Shale Gas Output Hits Record High in 2011: Report

Bloomberg reported that U.S. shale gas output hit a record high of  28.5 trillion cubic feet in 2011, according to a new report from the Energy Department.

As quoted in the market report:

Production of gas from shale deposits climbed 46 percent to 8.5 trillion cubic feet in 2011, the most in department data going back to 2007. Shale accounted for 30 percent of total output in 2011, up from 22 percent the previous year.

To view the whole Bloomberg report, click here.