Reuters
Breakthrough: The Accidental Discovery That Revolutionized American Energy -- Gregory Zuckerman, The Atlantic
One day in 1997, while supervising a well in north Texas, a group of geologists made a small mistake that would help change the future of fracking.
The dramatic changes to the nation’s energy outlook are as surprising as they are clear. Seven years ago, oil production was in steep decline and natural gas nearly as hard to find. Today, the United States produces over 7.7 million barrels of oil a day, up over 50% since 2006 and the most in nearly 25 years. The nation could pump more than eleven million barrels a day by 2020. The U.S. is on track to pass Russia as the world’s largest energy producer and should have enough gas to last generations.
The wildcatters responsible for the transformation are as unexpected as the energy surge they produced. These men, operating on the fringes of the oil industry and often without backgrounds in geology or engineering, met success drilling and hydraulic fracturing extremely dense shale, a process that’s become known as fracking.
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My Comment: Yup ..... it's always the outsiders who change the world or see where the world is changing to.
Hat Tip: Prairie Pundit for both stories.
1 comment:
dramatic changes to the nation’s energy outlook are as surprising.
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