Fracking: Should India Dive into the Shale Boom?
-- a _kt75 | reprint Download: Quarterly Notes on Sustainable Water Management - Q01/2014 The energy economics of the world is now at a crossroads, giving rise to a fiery debate among experts whether it will bring about a momentous change in the world’s strategic balance. The Ukraine crisis has given an impetus to it by threatening a cut in the supply of Russian oil and gas to Europe; the West is now on the lookout for an alternative source of energy. With the United States making rapid progress in the area of shale oil and gas technology, and several large-scale shale reserves being discovered in Western Europe and Latin America, dependence on hydrocarbon supplies from the Middle East and the Persian Gulf will decrease, which will ultimately lead to a lapse in big power involvement in the region. This has all come as a boon to American companies involved in the exploitation of shale resources, and they are leaving no stone unturned in sweeping away the impediment...