The United States is on the path to energy independence because it’s producing more reserves than it consumes, analysis from Wood Mackenzie finds. Wood Mackenzie finds oil and natural gas production in the United States is up 42 percent from 2007 in part because of hydraulic fracturing , horizontal drilling and other drilling applications tied to the shale industry. Higher production and lower demand, in turn, means the economy is relying less on external sources to meet its energy demands. “A country can achieve energy independence through two channels — it can either produce more or consume less, and the United States is doing both,” James Brick, a senior analyst at Wood Mackenzie, said in a Thursday statement. Wood Mackenzie finds demand is decreasing in United States because the transportation sector is […]