Despite the mushrooming civil war in Iraq, led largely by the insurgent organization known as the Islamic State in Iraq and Syria (ISIS), Americans are paying scarcely more to fill up their cars today than they were a month ago. This is especially surprising, considering that Iraq is the world’s fifth-largest oil-producing nation.
It has been a long time since U.S. oil producers last pumped out of the ground as much oil as they’re pumping out these days. Twenty-three years and 11 months, as a matter of fact. And it is thanks, primarily, to the unconventional exploration and drilling techniques perfected in recent years that Americans more than […]