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Mark Perry: Shale Revolution Deniers Face An Inconvenient Truth, It Works


Despite turning the U.S. into the world's largest producer of natural gas and driving a 3 million barrel per day surge in U.S. oil production in just the last three years, the shale revolution still has its doubters. They couldn't be more wrong. The Montreal-based Centre for Research on Globalization recently dismissed shale fracking as a "Ponzi scheme" and "this decade's version of the dot-com bub ble" that's about to burst. But time and again over decades, the naysayers and "peak oil" advocates have grossly

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Posted: September 23, 2014 Tuesday 06:16 PM