The shale revolution is ensuring cheap heating bills for millions of Americans this winter.

Fracking hasn’t found much success outside of the U.S., but don’t expect that to last.

North Dakota is setting all kinds of oil and gas drilling records, and is showing signs of continued improvement. In fact, drillers in the state are already working on cutting down on the flaring of excess gas—a win for both industry and the environment.

Thanks to fracking, America is a major global supplier of oil and gas, and that has both economic and geopolitical benefits.

The U.S. shale boom has depressed global oil prices, which has in turn threatened petro-state regimes that rely on high crude prices to stay solvent.

We still haven’t seen the full scope of the economic boost the shale boom is bringing to the United States.