America’s Unconventional Energy Opportunity

The United States is in the midst of a once-in-a-generation energy opportunity. The advent of hydraulic fracturing has launched a new era of energy abundance—a stark contrast to the decades of growing domestic energy scarcity that preceded it. This abundance has contributed to a sharp reduction in oil prices during the past year. Moreover, US natural gas prices have remained well below the global average and are one-third the level of those of many of its largest trading partners.

Yet the general public shows little appreciation for, or even an understanding of, the relationships between “fracking” and increased domestic production and lower fuel costs.* A recent Pew Research Center study found that more Americans oppose hydraulic fracturing than support it, and the opposition is growing. In many parts of the country, fracturing has become a derisive term for all drilling activity.

This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

America’s Unconventional Energy Opportunity

David Gee, Gregory Pope, and Alan Thomson, The Boston Consulting Group

01 September 2015

Volume: 67 | Issue: 9


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.