5/29: China On Track to Outspend US in Pursuit of Shale Energy
Like the US, China is hotly pursuing energy independence via development of its own internal shale resources, but at what a Bloomberg Report cites as quadruple the cost. While US wells can have a price tag as low as $2.6 million, the Chinese are spending an average of $10 million per drilling site. (Read more)
5/28: Legislature to Fast Track Fracking Bites the Dust in Illinois
A bill that would have accelerated the launch of hydraulic fracturing in Illinois was defeated this week in Springfield. The shale gas industry has been vocal in posing concerns that delays might scuttle development in the area permanently, but the Illinois Department of Natural Resources is still in the process of composing industry regulations for fracking in the state. (Read more)
