"OPEC: The river of oil now hitting the market from U.S. fracking has stunned global energy markets.
- The U.S. has already leapfrogged both Russia and Saudi Arabia as the No. 1 producer.
- Will U.S. oil lead to OPEC's demise?
For the first time since World War II, the U.S. is on the verge of being a net oil exporter — something that, just five years ago, would have been considered impossible.This, of course, has caught the 28-nation Organization of Petroleum Exporting Countries by surprise. Even just a few years ago, the consensus was that fracking and its related technologies would add a decent amount of oil to the market, but nothing like what's happening now..."
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