A new report out from Morgan Stanley on the "renaissance" of the American oil industry argues that -- contra the natural gas bulls, the future of American domestic energy production lies in oil.
Specifically, they argue that technological innovation is now allowing for oil extraction from previously un-economical shale deposits. This is game changing. The report is huge, but these four charts really stand out.
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The changeover is happening NOW.
 Meanwhile, and this is quite eye popping, after a 20 year decline, domestic oil production has finally had positive years. |
 And finally, if key shale oil regions pan out, the impact in just the next few years could be significant. |
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Posted courtesy of The Business Insider
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