The following story from the Oct. 23, 2012, edition of Forbes features a vintage photo from the archives of SMU's Central University Libraries.
October 25, 2012
By Jeff McMahon
Hydraulic fracturing has made natural gas so plentiful and cheap in the United States that rig operators are opting to drill for oil, a BP economist said in Chicago last night.
In 2011 the United States passed Russia as the world’s largest producer of natural gas, said Mark Finley, BP’s general manager for global energy markets. But because the U.S. lacks sufficient facilities to liquefy and ship natural gas, most of that gas enters the domestic market....
Oil well, Ranger, Texas (Photo credit: SMU Central University Libraries)