North America’s Special Providence in Shale
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  • Jacksonian_Libertarian

    It’s unlikely that many American fracking companies with their proprietary fracking technology, are going to put themselves at the mercy of foreign governments, until they can’t find any more American shale deposits to exploit. At this time they are only exploiting private lands in the US, and all the Government owned lands are still available for development (California has huge deposits), whenever there is a change in the administration which will allow and encourage that development. In the mean time dealing with greedy government officials in China, Mexico and elsewhere, is going to be a distant 5th or 6th choice.

    • Andrew Allison

      That’s the rational conclusion, but the evidence, across-the-board, is that American companies are very short-sighted and will happily sell their seed corn for immediate profit. China, for example, has arguably benefited far more from gifted than from stolen technology. WRT fracking, the key element appears to be that N. American geology appears to be uniquely suited to it. That plus the first mover advantage appear likely to make the US the low-cost producer for the foreseeable future. The interesting question is: for how long will California continue to sit on its potential Black Gold rush.

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