According to the International Energy Agency, the growth of energy production in the United States is expected to double in the next eight years, making it the world's top energy producer.
Economists predict that electric vehicles will be competitive with gasoline-powered cars in seven years, and this could drive oil prices down to $10 per barrel.
The latest estimate from API, the energy trade group, is that increased exports of liquefied natural gas over the next 20 years will add nearly 500,000 jobs to the American economy and $73 billion to the country’s gross domestic product.
Despite OPEC's efforts to raise oil prices by cutting production, crude-oil prices are expected to remain under $60 a barrel for at least the next year.
America's free market in energy is permanently eclipsing the OPEC cartel — this time through fracking old wells.