Acceso usuarios
Robert A. Hefner III
The article looks at energy production in the U.S. and globally as of 2014, focusing on the rapid increase in shale oil and gas production in the U.S. The author presents a case for the view that the U.S. has unique characteristics that explain its advances in shale oil and gas production, making it unlikely that other countries will be able to replicate the U.S. experience. Factors cited that spurred the industry's growth in the U.S. include private ownership of mineral rights, relatively lenient regulations, and capital markets that provided for the creation of numerous small petroleum companies. Other topics include oil and natural gas price forecasts and regulations in Europe affecting the industry including those limiting hydraulic fracturing, or fracking.
