by John McNeil
In a race to become the world leader in unconventional natural gas, the United States is approaching the finish line while the rest of the world is still tying its shoelaces at the starting blocks.
By developing new technologies such as hydraulic fracturing (fracking) and horizontal drilling, the U.S. has already moved from an energy deficit to an energy surplus in just a few short years and may be on the cusp of a boom that will see American shale gas competing with petroleum on the world stage. In today’s era, redefining energy economics means redefining geopolitical power, and the U.S. seems poised to strengthen its already formidable position on the world stage.
There may be good reasons why other countries lag so far behind in developing shale gas. Countries with comparable or even larger shale gas reserves have …
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