[bestintxas]

From report: Shale 2.0 will thus be data-driven. It will be centered in the United States. And it will be one in which entrepreneurs, especially those skilled in analytics, will create vast wealth and further disrupt oil geopolitics. The transition to Shale 2.0 will take the following steps: 1.Oil from Shale 1.0 will be sold from the oversupply currently filling up storage tanks. 2.More oil will be unleashed from the surplus of shale wells already drilled but not in production. 3.Companies will “high-grade” shale assets, replacing older techniques with the newest, most productive technologies in the richest parts of the fields. 4.And as the shale industry begins to embrace big-data analytics, Shale 2.0 begins.

Further, if the U.S. is to fully reap the economic and geopolitical benefits of Shale 2.0, Congress and the administration should: 1.Remove the old, no longer relevant, rules prohibiting American companies from selling crude oil overseas. 2.Remove constraints, established by the 1920 Merchant Marine Act, on transporting domestic hydrocarbons by ship. 3.Avoid inflicting further regulatory hurdles on an already heavily regulated industry. 4.Open up and accelerate access to exploration and production on federally controlled lands.

[ChildOfThe60s]

The government will do none of that.

[Sequoyah101]

What a COS fluff piece.

The author has little or no idea what he is talking about.

[1010RD]

Further, if the U.S. is to fully reap the economic and geopolitical benefits of Shale 2.0, Congress and the administration should:

1.Remove the old, no longer relevant, rules prohibiting American companies from selling crude oil overseas.

2.Remove constraints, established by the 1920 Merchant Marine Act, on transporting domestic hydrocarbons by ship.

3.Avoid inflicting further regulatory hurdles on an already heavily regulated industry.

4.Open up and accelerate access to exploration and production on federally controlled lands.

This is why we need a GOP POTUS, particularly a successful governor like Walker. He'll do the above, along with cutting the Gordian Knot of red tape created over the last few decades. America will boom.

Imagine 16 years of GOP control over government. Of course, we'll have to watch them carefully, but just slowing government growth to zero will shrink the deficit.

1-3 can all happen fairly easily with little resistance. #4 can be achieved by transferring lands over to states for them to use or not use as they see fit. The best stewardship is the closest can be the rallying cry.

[buffaloguy]

And I will add that if it does come to pass that the US dominates the world oil industry and prices in the future, all will benefit.

[q_an_a]

nice read...thanks

[Praxeologue]

The ultimate energy solution is thorium, in the form of LFTR or other types of molten salt thorium reactors. Hydrocarbons are the transitional energy source and tight oil and gas will play a growing role in that