StateImpact PA reported Tuesday on a presentation by energy expert and oil historian Daniel Yergin who said without the recent domestic boom in oil production, the United States would face another oil crisis.

“We still call them unconventional, but they’re becoming pretty conventional,” Yergin said of recent increases in domestic oil and gas production. “U.S. natural gas production’s up 34 percent since 2005. Recoverable reserves have doubled. Crude oil production is up 66 percent since 2008. We’re seeing a re-balancing of world oil.”

Click Here to read the full article.  Click Here for a special report from Yergin’s firm-- IHS-- called, “Crude Oil Export Special Report.”

7/21/2014