Houston, May 3, 2016 — When OPEC members couldn’t agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartel’s reign as the world’s energy swing producer — leaving the door open for American shale producers to take over
For more information please read Canary’s release Crude Oil Export Ban Lifted. “Today is a great day for the American energy industry and for all American energy consumers. Both houses of the US Congress have voted to lift the antiquated 40-year-old ban on crude oil export
The American Shale Revolution has, without a doubt, impacted countless towns around the country. The mass influx of workers, the high wages, and the new job opportunities have boosted struggling towns and given the residents of economically depressed areas something to look forward to
We’ve explored the developments in other necks of the woods, from China, Argentina, and South Africa – who seem close to meaningful shale production – to Poland and Russia – who perhaps have farther to go to achieve measurable shale success. But now let’s ask: Are others ready to join
Hydraulic fracturing (“fracking”) has represented a major boon for the US economy, producing $36 billion in 2011 and rising year over year. Understandably, other countries have been watching – and some seem determined to join in on leveraging the new technology. Our previous post, Sha