energy revolution: Boom: Fracking nation, according to The Star. Boom: Freelance revolution BOOM BUST Drill down three kilometres. Now turn your drill sideways not everyone can do that, but boy, are the Americans ever good at it. Now start pumping water and volatile chemicals into gas-and-oil-laden shale formations and blow the whole thing to smithereens. What comes back from all this frackery is nothing short of an energy revolution an astonishing surge that in a few short years has made the U.S. the worlds largest natural gas producer, and, by 2015, the worlds top oil producer, as well, according to International Energy Agency projections. From North Dakota to West Texas to Ohio to Pennsylvania, the fracking free-for-all saw the completion of some 45,000 oil and gas wells in 2012, more than 10 times the rest of the world combined. For how long? Maybe 20 years, maybe more. At what cost? See the environmentally agonizing Gasland documentaries, for starters. But make no mistake about the sheer scale of the shale boom. This is real.
(www.immigrantscanada.com). As
reported in the news.
Tagged under energy revolution, International Energy Agency topics.
24.12.13