Tuesday, April 30, 2013

The shale phenomenon: fabulous miracle with a fatal flaw

A friend recently pointed out this article by Randy Udall In The Christian Science Monitor (Feb. 22, 2013). It provides further support for my position that shale gas and oil that I expressed in a post last April:  the developments are fine, but one should keep them in perspective. Bakken is no Ghawar.

2 comments:

  1. Employment opportunities for horizontal drilling in Oklahoma is massive. Oklahoma is all about oil and natural gas. Unemployment rate is way below than national average, and it’s because of this industry. Nearly one-quarter of all jobs in Oklahoma are tied to the energy industry. A recent research of the Oklahoma Energy Resources Board shows us the oil and gas industry was responsible for pouring more then $51 million into the state's economy and created jobs for over 300,000 people.

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    1. Thank you for your comment. As others posts in this blog show, I am not opposed to the oil and gas industry, and recognize the benefit of increased production through fracking (see my two posts of Feb 14, 2014). In this post I was pointing out that shale oil resources are limited, and we better use the time they buy us wisely by developing truly sustainable-over-the-long-haul technologies.

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