But what if the boom is just a bubble?
In the last ten years over 80,000 tight oil and shale gas wells have been drilled in the U.S., from Texas to Pennsylvania, North Dakota to Louisiana. But that pales in comparison to what the U.S. Government expects to see over the next 25 years.
We have clear evidence now that shale wells deplete quickly, with most of their production coming in the first few years. But while the benefits are fleeting, the impact of the fracking frenzy could last generations. Is it worth it?