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.
Peter
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/07/21/will-the-u-s-export-fracking-to-the-rest-of-the-world/
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.)"
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