Energy revolution to overturn the traditional theory

For years, the U.S. has been the world's largest importer of crude oil. This not only severely exacerbated the U.S. trade deficit,unconventional gas but also pose a threat to its energy security. U.S. President Barack Obama so committed to the full realization of "energy independence", including the 2020 U.S. crude oil imports will be reduced by half and increased oil development efforts.
Production of crude oil to the United States play a direct role in promoting is the technology continues to progress. Especially after 20 years of exploration, the U.S. oil and gas exploration industry mastered the core technology of hydraulic fracturing,frac sand the shale oil and gas exploration breakthrough.
According to UBS AG (UBS) predicts that by 2020, U.S. oil production from the current 900 million barrels per day up to 1200 barrels of oil the United States imports from the current 900 million barrels per day to 800 million barrels to reduce . According to the U.S. Energy Information Administration (EIA) forecasts that by 2035, Middle East oil production from 2600 barrels per day up to 3500 million barrels,frac proppant the former Soviet Union from 1400 up to 1700 barrels barrels barrels in Latin America from 1100 rose to 1400 million barrels, Canada increased from 400 million barrels to 700 million barrels. According to current trends, the United States will surpass Saudi Arabia in the next decade to become the world's largest oil producer.