Yesterday, we published a presentation by oil analyst Arthur Berman suggesting the potential of fracking to extract fossil fuels buried in shale rock has been way overhyped.
But there are many who would argue that the assumptions Berman makes are off the mark.
Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together the counter-argument to Berman's thesis.
Quick review: Fracking involves injecting large volumes of fluids and small particles like sand into a well to free up oil or gas.
It's a great way to access otherwise hard-to-reach energy. But a given fracked well only last so long.
The max production rate for a single well lasts just a few years. That's true even for wells in the country's most popular shale plays.
See the rest of the story at Business Insider
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