by Nick Butler, March 13, 2017

After the dip last year, production of oil from shale rocks in the US is increasing again. Estimates for this year range from a net increase of between 400,000 and 800,000 b/d. And 2017 is not a one-off year. The Permian Basin in Texas — the main focus for the new activity — has oil reserves that exceed those of all the largest discovered fields globally, such as Ghawar in Saudi Arabia and Prudhoe Bay in Alaska