And Now, Here’s Why Shale Fracking Really Is An Economic Game-Changer That Can Not Be Overhyped

• Tweet
• Pin It

Yesterday, we published a presentation by oil analyst Arthur Berman suggesting the potential of fracking to extract fossil fuels buried in shale rock has been way overhyped.

But there are many who would argue that the assumptions Berman makes are off the mark.

Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together the counter-argument to Berman’s thesis.

Quick review: Fracking involves injecting large volumes of fluids and small particles like sand into a well to free up oil or gas.

It’s a great way to access otherwise hard-to-reach energy. But a given fracked well only last so long.

The max production rate for a single well lasts just a few years. That’s true even for wells in the country’s most popular shale plays.

See the rest of the story at Business Insider

Please follow Money Game on Twitter and Facebook.

Clusterstock

Related Posts

• 10 Scenes From The Economic Collapse That Is Sweeping Across The Planet
  10 Scenes From The Economic Collapse That Is Sweeping Across The Planet
• Kim’s Gown Was One Of The Best Dresses At The 2013 Met Gala – Here’s Why
  Kim’s Gown Was One Of The Best Dresses At The 2013 Met Gala – Here’s Why
• Really? Air Force Man In Charge Of The Sexual Assault Prevention Unit Busted By One-Time For Groping A Woman While Slizzard
  Really? Air Force Man In Charge Of The Sexual Assault Prevention Unit Busted By One-Time For Groping A Woman While Slizzard
• Really? Worker At 7-Eleven Too Busy Stocking Shelves To Notice His Co-Worker Being Robbed
  Really? Worker At 7-Eleven Too Busy Stocking Shelves To Notice His Co-Worker Being Robbed