America now exports more oil than it imports for the first time since early 1991, as it generates more oil within the countrythrough fracturing
Reliable sources have confirmed that during October, 2013 the U.S. exportedf 7.7 million barrels of oil per day while importing 7.6 million barrels per day (bpd)
Imports were at their lowest since March 1991
Fracturing is basically shale goil extraction by pumping water and special chemicals into deposits deep beneath the earth to break apart hard deposits of the gas-rich shale, followed by drawing the fuel back up to the surface.
