Tech-Driven Natgas Boom Shifts Energy Balance of Power to U.S.

February 22, 2010 (American Enterprise Institute) A new technique being used to drill through a type of rock known as shale has led to a surge in domestic natural gas production over the last three years and enabled the United States to overtake Russia recently as the world's No. 1 producer of natural gas. As a result, we are seeing a remarkable turnabout in energy geopolitics: as U.S. natural gas reserves have soared thanks to advanced drilling methods, Russia's goal of establishing a world gas cartel patterned on OPEC has collapsed