The 2010s oil glut is a considerable surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes. U.S. oil production nearly d

The 2010s oil glut is a considerable surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes. U.S. oil production nearly doubled from 2008 levels, due to substantial improvements in shale "fracking" technology. https://en.wikipedia.org/wiki/2010s_oil_glut https://en.wikipedia.org/wiki/2010s_oil_glut There are economic reasons as to why drilling for oil isn't a good idea right now.