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Experts Divide on the Sustainability of the “Shale Revolution”


Shale oil and shale gas are being heralded these days as the keys to a new era in fossil fuel production.  Some are even looking to shale production to bring about American energy independence.  As of March 2014, the once natgas-strapped US had more than 100 years’ worth of natural gas supply, and domestic crude…

the-shale-revolution-inside

Shale oil and shale gas are being heralded these days as the keys to a new era in fossil fuel production.  Some are even looking to shale production to bring about American energy independence.  As of March 2014, the once natgas-strapped US had more than 100 years’ worth of natural gas supply, and domestic crude oil production had grown by 3 million barrels since 2008.  And even other countries are likely to get in on the action:  Energy consultant Wood Mackenzie Ltd. estimates that as many as 400 shale wells could be drilled outside of US borders this year.


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