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MAR 21, 2013 - Zero Hedge

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Guest Post: The “Fracking” Revolution Comes to China

Submitted by Elliot Brennan of The Diplomat, As shale gas fever sweeps through Beijing, analysts are looking at the costs and benefits of extracting what is increasingly a controversial source of energy. But for China, with its growing middle class, the immediate and long-term demand for energy has the potential to spark a revolution in shale gas before sufficient and safe technological know-how and regulations are developed. A very vocal debate continues to rage in the U.S. and Europe as to the environmental consequences of shale gas extraction. Meanwhile, China’s National Oil Companies ... Read More

Tags: Guest Post: The “Fracking” Revolution Comes to China,  British Petroleum Latest News