Shale Revolution – Full Steam Ahead!

... billion cubic meters by 2015. Firms like Shell, Chevron, Chesapeake Energy and Devon already participate in Asia through joint partnerships – as China’s command economy forbids free market interaction. However, as Wood Mackenzie analysts in The New Times article point out, such target is unrealistic as China has a complex geological frame, it lacks water for fraking (hydraulic fracturing – the process is illustrated bellow) and its prevention of direct foreign participation does not help meet those high expectations. In addition, China’s ...