global perspective

Transformational Impact Of The US Energy Boom

When the history of the twenty first century is written, one of the defining aspects that will be written about will be the invention/discovery of hydraulic fracking, horizontal drilling and the commercial exploitation of shale gas and shale oil.
It is unfortunate that the discovery of something so transformational has happened in the depths of the biggest economic and financial market slumps in a century. It is the nature of the present environment that prevents us from fully appreciating the impact of what has happened. More...