|
The Fracking Revolution Comes to China
h/t InstapunditAs shale gas fever sweeps through Beijing, analysts are looking at the costs and benefits of extracting what is increasingly a controversial source of energy. But for China, with its growing middle class, the immediate and long-term demand for energy has the potential to spark a revolution in shale gas before sufficient and safe technological know-how and regulations are developed. A very vocal debate continues to rage in the U.S. and Europe as to the environmental consequences of shale gas extraction. Meanwhile, Chinas National Oil Companies (NOCs) continue to purchase and buy into North American oil and gas companies with specific expertise in shale gas extraction. For better or worse, Chinas shale gas revolution looks set to be thrust into the public spotlight, both at home and abroad. Posted by: g(r)omgoru 2013-03-22 |
| http://www.rantburg.com/poparticle.php?ID=364669 |