The development of fracking has created a revolution in the United States oil and gas industry. Following a conference in Houston, analysts have projected the U.S. to surpass Russia and Saudi Arabia to become the world's top crude exporter within the next few years. The U.S. is projected to double its gross crude oil exports to 4.2 million barrels per day by 2024. Additionally, the United States is expected to account for 70% of the total increase in global production capacity over the next 5 years. Directors for the International Energy Agency have crowned this the “Second wave of the U.S. shale revolution”. Additionally, there is a $2.5 billion project being discussed that would carry wind and solar energy from Iowa into the Chicago area. This ‘cord’ is estimated to be 349 miles long and would connect to a power grid serving 13 midwestern states.