Tue, Mar 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Frackers offers a glimpse into the personalities behind America's controversial energy boom

Monday, December 16, 2013

amb
Gregory Zuckerman
Bailey McCann, Opalesque New York:

Proponents of fracking and the 'drill baby drill' route to US energy independence have reason to feel pretty self-assured. The US is now slated to be nearly energy independent thanks to new technologies like fracking. This success is further underlined by the US foreign policy pivot to Asia and away from the Middle East. A new book from Gregory Zuckerman entitled The Frackers, profiles the men who first figured out how to leverage fracking, spawning an energy revolution and making themselves billionaires in the process.

The five men, Harold Hamm; Aubrey McClendon; George Mitchell; Mark Papa, and Tom Ward, were largely unknown before their work and will now go down in history as the group who started it all. The book offers up in-depth portraits of their background and personalities. The profiles border on glorification, but Zuckerman tells Opalesque that not everyone in the group has been pleased with how things turned out.

That feeling may also come to readers of the book, especially those against fracking. In addition to the cast of characters that surround this industry, Zuckerman offers an overview on the technology and the once sleepy towns that now find themselves booming. Yet, little is said about the potential ramifications of fracking for either those towns or the environment.

"There are people who are going to see these men as absolute heros, and it's clear that they’ve moved the US to ener......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie