Is Shale Oil the Answer to U.S. Energy Security
A series of articles by Reuters columnists and Chesapeake Energy’s August 2011 Investor Presentation (once the “Ra-Ra” is filtered out) serve to underline the rapid and largely unseen revolution that is going on in the domestic US oil & gas industry. And I don’t mean in shale gas — well, close — this is shale oil. From almost nothing just two years ago, production is ramping up faster than just about every projection expected. Chesapeake alone is expecting some 41 percent of its production to come from oil by 2012, up from just 12 percent in 2009, as this
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