1.0Climate Change Dispatchhttps://climatechangedispatch.comThomas Richardhttps://climatechangedispatch.com/author/ccdeditor/The Next Shale Revolutionrich600338<blockquote class="wp-embedded-content" data-secret="9ah5GZEChq"><a href="https://climatechangedispatch.com/the-next-shale-revolution/">The Next Shale Revolution</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/the-next-shale-revolution/embed/#?secret=9ah5GZEChq" width="600" height="338" title="“The Next Shale Revolution” — Climate Change Dispatch" data-secret="9ah5GZEChq" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The future of the U.S. oil industry may well be taking shape north of this town on 15 square miles of windswept prairie above the Bakken Shale. It's about as far from the industry's wildcatting heritage as is thinkable. "Our idea was to build the world's greatest oil factory," says Chris Wright, the chief executive of Liberty Resources LLC. And if the U.S. oil industry is going to overcome several significant challenges, it may have to follow the lead of this small Denver-based company. --Russell Gold, The Wall Street Journal, 6 May 2015 U.S. oil prices are heading into a sweet spot that could spur the fracking industry to crank up some of the drilling it shut down when crude prices collapsed. "If oil prices stabilize above $60, I believe we are going to resume production growth in the second half of the year. More companies will drill more wells," said Fadel Gheit, senior energy analyst at Oppenheimer. --Patti Domm, CNBC, 5 May 2015https://climatechangedispatch.com/wp-content/uploads/images_pics8_carbon-credits.jpg