| Hydraulic fracturing (“fracking”) has flipped the global energy discussion on its head. Over the past five years, the world has watched the U.S. shift its focus from fears of peak oil and its level of oil imports to a new reality where domestic oil and gas production are up and imports are down. And, while global greenhouse gas emissions have continued to increase, U.S. emissions have now decreased down to 1994 levels.
As shown in the graphic below from International Energy Agency’s Unconventional Gas Production Forum, shale gas production has dramatically increased in the United States over the past decade – in particular since 2009...............................................Full Article: Source
|