BOOK REVIEW
Comeback: America’s New Economic Boom, Charles R. Morris.

By Charles R. Morris – This is the world of shale gas and oil — which has revolutionized the U.S. energy position. These particular wells are in Oklahoma and are owned by Devon Energy Inc., one of the country’s larger independent exploration and production companies. Drills go two miles straight down, then turn to go another mile through shale rock steeped with gas and gas liquids. The shale is “fractured” with a high-pressure burst of water, sand and chemicals to start the product flowing. Once the flow is stabilized, the rig is removed and the well is connected to a permanent gathering pipeline. It should produce hydrocabons for 15 to 20 years.
By 2020 or so, the United States is expected to surpass Saudi Arabia in oil output, and Russia in gas, according to the International Energy Association’s best estimate. more> http://tinyurl.com/d6plwhd
Related>
- U.S. oil boom leaves OPEC sidelined from demand growth, Dmitry Zhdannikov and Christopher Johnson, Reuters


By Kharunya Paramaguru – In an age where there is an increasing demand to find alternatives to landfill sites, and a pressing need to reduce garbage production globally, Oslo, the capital of Norway, is experiencing an unusual problem with its trash: there’s not enough of it.




