See on Scoop.itThe 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

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