The shale genie is out of the bottle, Warren writes. US production in shale oil and gas offers lessons learned for countries desiring to exploit their own energy resources.
The increase in US oil and gas production buys some time in terms of resource scarcity and depletion concerns, Warren writes. The windfall also brings with it time to wisely reflect about what America’s energy landscape should look like for the generations that follow.
The Texas Clean Energy Project, a $2.5 billion coal gasification power plant, will be the first US power plant that combines both integrated coal gasification combined cycle and carbon-capture-and-storage technologies, Tracey writes.
Shale gas and tight oil are giving the US its biggest, most rapid boost in energy production in history. But it will probably prove fleeting.