Wed, Jul 30, 2014
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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass