This week’s special issue of Science magazine is focused on fracking…the technology which has changed the landscape of fossil fuel resources, particularly here in the United States. I would say that this technology has altered considerably more than the oil and gas story. In a sense it has become a key driver of geopolitical change with repercussions from the Levant to Asia.
John Gapper in today’s FT, here.
The remarkable thing is how rapidly the US has managed to turn the technological tables in two of the most important global industries. For a few years, it looked lost in both telecommunications and energy, then it recovered and raced ahead. It hasn’t lost its touch.
In today’s NY Times here.
In private discussions, some federal energy officials have raised questions about the way oil and gas companies may be inflating estimates of the amount of recoverable gas.
“The variability of shale gas well performance is crucial to any assessment of the resource potential of a shale play,” Philip Budzik, an Energy Information Administration research analyst, wrote in an e-mail to an industry analyst last April.