Industry’s over-inflated reserve estimates are unravelling, and with it the ‘American dream’ of oil independence
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