Globalization Institute The Federal Reserve Bank of Dallas established the Globalization Institute in 2007 for the purpose of betterThe U.S. shale boom—a product of technological advances in horizontal drilling and hydraulic fracturing that unlocked new stores of energy—has benefited the nation’s oil trade balance and oil-producing regions and led to unusually large employment and output gains. While quantifying the boom’s benefits is difficult, we show in a working paper analyzing the shale boom during 2010–15 that the benefits extended to the overall economy, adding perhaps 1 percent to U.S. gross domestic product ... (full story)