Summary of “The Dark Side of America’s Rise to Oil Superpower”

Almost five decades later, with oil hovering near $65 a barrel, daily U.S. crude output is about to hit the eight-digit mark again.
It’s a significant milestone on the way to fulfilling a dream that a generation ago seemed far-fetched: By the end of the year, the U.S. may well be the world’s biggest oil producer.
U.S. shale is “Seemingly on steroids,” says Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London.
A decade ago, U.S. net oil imports stood at more than 12 million barrels a day.
With shale surging, U.S. imports of Saudi oil plunged to a 30-year low last year.
It’s now possible for the U.S. to argue that other countries should help shoulder the burden of policing the shipping lanes leading to Middle Eastern and North African oil exporters.
The quality of shale oil is so high that it yields little diesel, the fuel that powers manufacturing.
There’s a chance the world will witness that rarest of market loop-de-loops-high oil prices as well as rising U.S. production.

The orginal article.