Thursday, January 8, 2015

Horizontal drilling

Ever wonder exactly how the horizontal drilling and fracking process works?  Here's a pretty cool video that shows what's going on.  It's amazing to me that this can technically be done.

and a story from Foreign Affairs arguing that oil shale and natural gas boom that we've seen in the past decade or so could've only happened in the US due largely to individual land rights, legal system, and an economic structure that can support a large number of small independent operators.

The article concludes that despite large stores of natural gas in other parts of the world, it will likely be difficult to recreate the U.S. success globally.

No comments: