On the one hand, big economic boost.
On the other hand, the various environmental negatives of such hydrocarbon production and consumption.
Only one thing I'm certain of — Obama will continue to be blamed by the GOP for all the US oil industry suffering, being restricted, and dwindling on its way to Number One..
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US May Become No. 1 Oil Producer
US could soon overtake Saudi Arabia as world's biggest oil producer; output is booming
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