Sun, May 29, 2016
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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU