It is anticipated that the average price at the gas pump in the US may climb as high as $5 per gallon by summer’s peak driving season. Understandably, many are worried that continuing turbulence in the Middle East could propel prices even higher.
However, a process known as pulsed injection offers potential new life for US oil fields that were previously believed to be past their productive lifetimes, permitting additional barrels to be extracted domestically. In total, the US Department of Energy estimates that there might be as much as 430 billion barrels of oil that is technically recoverable in the United States. Keep reading →