Quantcast
Channel: Features
Viewing all articles
Browse latest Browse all 61683

SHALE BOOM: Why Fracking Is An Economic Game-Changer That Can't Be Overhyped

$
0
0

oil gas field fracking 2There remains controversy over just how long America's current energy boom will last.

Some, like University of Chicago professor Raymond Pierrehumbert argue we are totally overlooking the rapid depletion rate of shale oil and gas wells. This is among other signs of a slowdown.

But there are plenty of experts who would argue such notions are off the mark.

Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together what we think is a comprehensive review of the American shale story.  Ultimately, we think that you'll conclude that "Saudi America" is real and here to stay.

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.



Currently, 1,752 wells in operation drilling both shale and conventional rocks in the U.S.



See the rest of the story at Business Insider

Please follow Money Game on Twitter and Facebook.


Viewing all articles
Browse latest Browse all 61683

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>