Professor Ryan Kellogg Discusses the Effects of the U.S. Shale Oil Boom

Harris Public Policy Professor Ryan Kellogg authored an article in Forbes discussing what effects the record U.S. shale oil production, which spiked in November 2017, has – and doesn't have – for energy independence.

"Energy independence has been a U.S. energy policy unicorn ever since the oil crises of the 1970s," Kellogg wrote. "However, true energy independence is not economically feasible or even desirable, owing to the globalization of crude oil markets. The U.S. shale surge does have economic and policy payoffs for the United States. But energy independence is not one of them."

Full coverage available at Forbes.