Sunday, August 5, 2012

Fracking China

The following is an excerpt from the linked article on exporting shale oil and gas drilling and production technology.  We need all the exports we can get.

Will the U.S. export fracking to the rest of the world?

"Fracking could also catch on in China, eventually. Jenny Mandel recently wrote a long and comprehensive piece in E&E News on the country’s growing interest in U.S. shale gas technology. China is a tantalizing landscape for drillers — the country has an estimated 1,275 trillion cubic feet of “technically recoverable” gas, compared with 862 trillion cubic feet in the United States. But fracking has been slow going. The geology is much more difficult to work in — many of China’s shale formations are far deeper underground — and the lack of private property rights has hindered development. (Meanwhile, the biggest shale gas prize lies in the Tarim Basin out west in the Xinjiang Uighur autonomous province. But water is hard to come by in that arid region — and fracking needs plenty of water.)"

No comments:

Post a Comment