Fracking Abroad
The State of Global Shale
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  • marcossantiago

    My understanding is that the geology in Russia and China is much less conducive to horizontal drilling and fracking than in the U.S.

    • Andrew Allison

      Yes, TAI’s almost daily posts on the shale revolution usually include the caveat that the US is, perhaps uniquely, blessed with readily accessible shale oil and gas.

      • Bystander

        From what I have read, the US also has the most extensive network of existing pipelines, the most engineers experienced in fracking and deep domestic financial structures used to working with oil and gas companies.

  • FriendlyGoat

    Thanks. Very informative.

  • Andrew Allison

    “more strident market reforms”??

  • Jacksonian_Libertarian

    The Overwhelming fact I take from this wide spread lack of development compared to America, is that none of these countries could have created this innovation on their own. And even with the foreknowledge that it works, they’re having a difficult time and blaming everything for their failures, instead of creating solutions.

    Monopolies are inefficient, incompetent, and bureaucratic, unmotivated by the need to make a profit. The bureaucrats there milk the monopoly to line their pockets, and shift the blame for their failure onto others or everyone. Governments are the worst form of Monopoly, with Democracies only adding a small amount of competition. Nationalized Oil Monopolies, owned by the Government Monopoly, are the most insulated from free market competition.

    • Kevin

      This may all be true, but it doesn’t mean they won’t be able to imitate and develop the resource in the coming years. Hopefully American ingenuity will continue and lead to further advances in energy production.

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