Shale Oil Boom in China? Not So Fast…
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  • ljgude

    Yet another proof of Peak Oil. 😉

  • Would not surprise me if China has asked Israel about their efficient methods of processing shale oil.

  • David Dunn

    Most of China’s coal also comes from the arid most part of the country. Coal extraction also requires a lot of water. The one place where fracking might seem to make sense is Sichuan which has more water, but Sichuan may make just as much of a mess of fracking as they did with coal-bed methane gas. Both are technologically tricky and it is a good idea to make sure you have foreign expertise involved in the long term. China though treats foreign expertise as a quick fix and this doesn’t work. Now if Hess or BP was in China under fair terms and had complete management control, than perhaps success would be possible, but this won’t happen.

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