<p>During the past decade, US oil and gas production has risen dramatically, swinging the US&rsquo;s position from energy import dependence to energy dominance. Driven by production from shale deposits that have been unlocked by technological breakthroughs in hydraulic fracturing, horizontal drilling, and advanced seismic technology, the US has increased production from five million barrels per day (bpd) in 2005, to a record high of 13 million bpd in early 2020, surpassing world leaders Russia and Saudi Arabia.</p>
