FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma Reuters As recently as 2008, Americans were paying high costs for gas and there was handwringing over the need for US "energy independence." But quietly America has achieved a form of energy independence, with net energy exports eclipsing net imports. The shift was driven primarily by the rise of shale oil extraction, with renewables also playing a part. George Pearkes is the Global Macro Strategist for Bespoke Investment Group. This is an opinion column.

 

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