The United States experienced an oil boom in recent years, driven primarily by advancements in drilling technology, such as hydraulic fracturing and horizontal drilling. These techniques enabled the extraction of oil and natural gas from previously inaccessible shale formations, notably the Bakken formation in North Dakota and the Permian Basin in Texas.

The oil boom had significant economic and geopolitical implications. It led to a surge in domestic oil production, reducing the country's reliance on foreign oil and contributing to lower gasoline prices. The increased oil production also resulted in job creation and boosted local economies in regions where drilling activities were concentrated.

However, it's important to note that the oil industry is subject to fluctuations in global oil prices, which can influence drilling activities and investment. Factors such as geopolitical events, supply and demand dynamics, and environmental regulations can all impact the industry's growth and trajectory.