Monday, August 13, 2012

Fracking to save America?

An abundance of domestic energy will enable the United States to cut in half its reliance on oil from the Middle East by the end of the decade, and could end any reliance at all by 2035, according to the U.S. Energy Information Administration (EIA).

America’s bright energy outlook is due to new technologies for hydraulic fracturing, extraction from oil sands, and deep-sea oil recovery, EIA explains in a newly released report. EIA, for example, expects energy producers to more than double oil production in the rich Bakken shale formation in North Dakota during the next 20 years. Recent advances in hydraulic fracturing make such Bakken oil production economically possible, EIA explains.

EIA’s promising domestic energy forecast may nevertheless be derailed by environmental activists and government officials clamping down on energy production. Activist groups such as the Sierra Club oppose hydraulic fracturing, citing water pollution fears.

Read more here: 

No comments:

Post a Comment