The Financial Crisis and the Boom in U.S. Oil Production

This week marks the 10-year anniversary of the collapse of Lehman Brothers on Sept. 15, 2008. It was an event that set off a downward spiral in the American markets and ultimately led to a global recession.

Leading up to the anniversary, there’s been a lot of reflecting about what happened and what, if anything, has changed. There's also been a lot of analysis about how the recession had many unexpected responses, like the rise of the Tea Party movement, Occupy Wall Street and the increase in income inequality.

But another change in the past ten years is how the United States became a major oil and gas producer. There's been an historic energy boom in this country; in fact, the International Energy Agency estimated earlier this year that the U.S. could become a bigger oil producer than Saudi Arabia and Russia by 2023.

It's a shift that's had major repercussions around the world. This week on Money Talking, Charlie Herman discusses the trend — and how it's intertwined with the 2008 financial crisis — with financial journalist Bethany McLean, author of new book, "Saudi America: The Truth About Fracking and How It’s Changing the World."

Ten years after the start of the Great Recession, a new book looks at how American fracking is changing the global economy.