The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters Gregory Zuckerman
Things looked grim for American energy in 2006, but a handful of wildcatters were determined to tap massive deposits of oil and gas that giants like Exxon and Chevron had ignored. They risked everything on a new process called fracking. Within a few years, they solved America’s dependence on imported energy, triggered a global environmental controversy, and made and lost astonishing fortunes.
No one understands the frackers—their ambitions, personalities, and foibles—better than Wall Street Journal reporter Gregory Zuckerman. His exclusive access drives this dramatic narrative, which stretches from North Dakota to Texas to Wall Street.
Just read that there cutting rigs in Texas because they cannot get the oil out to market
Need more pipelines and ..tankers for rail and trucks
Drill Baby, Drill!
Despite that, we still had to ask the Saudis to increase production recently.
We need to develop alternatives to oil.
We need safe nuclear reactors and lots of them.
We need investments in particle physics, because I think that may be where true breakthroughs will emerge.
Which part of “ fracing aint new “ dont they understand.
Its been around for a very long time
USA is the largest producer of carbon based energy in the world. Saudi Arabia has less than a decade of crude exports so they are approaching an end and the USA will increase greatly.
That’s frackin’ nutz. In Reno the per gallon price is around $3.39. And that’s for the off brand stuff. The shells and exxons are about 25 to 30 cents higher per gallon.
The key questions are how soon this will happen, and whether a return to >$100/bbl oil — and in turn OPEC’s stranglehold — awaits that inevitability.
Will it be in 50 years or 200?
Timing is everything.
Even a 50 year horizon means there will be so much technological innovation the question becomes meaningless.
50 years ago, in 1968, there was no OPEC.
I don’t own a motor vehicle, but I really want to see gas get below $2/gal.
Other than the Permian Basin, most unconventional plays are getting long in the tooth as far as production growth.
Why do you think “progressives” HATE it so strongly? THIS is why.
The question assumes that the US fracking industry will run out of oil before OPEC does. We don't know the real level of Arab oil reserves.