How the Shale Boom Has Kept the U.S. Afloat

Bloomberg | Justin Fox

Shale oil production is having a positive impact on U.S. trade balance.

The U.S. current account deficit grew a bit at the end of last year, to $128.2 billion in the fourth quarter from $101.5 billion in the third quarter, according to data released today by the Bureau of Economic Analysis. That amounts to 2.6 percent of gross domestic product, which from the perspective of the past 15 years or so isn’t all that big. But the oil and gas trade balance, which was 4.1 percent of GDP in the fourth quarter of 2004, is rapidly nearing zero, and all indications are that it will turn positive soon.

Read More

ABOUT THIRD PARTY LINKS ON OUR SITE

Sanchez Energy Corporation’s Website offers links to other third party websites that may be of interest to our website visitors. The links provided on our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the Sanchez Energy Corporation’s website and will be redirected to another site. These sites are not under the control of Sanchez Energy Corporation.

Sanchez Energy Corporation is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products or information. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.

Also, please be aware that the security and privacy policies on these sites may be different than Sanchez Energy Corporation’s policies, so please read third party privacy and security policies closely.

If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.