There’s been a fracking party raging for years now, but apparently the United States was the only one invited. Years after the shale boom took off here in America, the rest of the world is still woefully behind in developing their own shale reserves, which naturally raises the question: why is shale failing abroad? The WSJ helps explain:
Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC have packed up nearly all of their hydraulic fracturing wildcatting in Europe, Russia and China. The reasons vary from sanctions in Russia, a ban in France, a moratorium in Germany and poor results …read more
Source: The American Interest
