See on Scoop.it – The Great Transition
Industry’s over-inflated reserve estimates are unravelling, and with it the ‘American dream’ of oil independence
Willy De Backer‘s insight:
Is the American shale bubble going to bust? Nafeez Ahmed provides the facts. But do facts matter for policymakers?
"Despite the mounting evidence that the shale gas boom is heading for a bust, both economically and environmentally, both governments and industry are together pouring their eggs into a rather flimsy basket." Or: the power of lobbying…
See on www.theguardian.com