{"id":44216,"date":"2019-03-05T14:06:14","date_gmt":"2019-03-05T19:06:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44216"},"modified":"2019-03-05T14:06:16","modified_gmt":"2019-03-05T19:06:16","slug":"fracking-the-world-despite-climate-risks-fracking-is-going-global","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44216","title":{"rendered":"Fracking the World: Despite Climate Risks, Fracking Is Going Global"},"content":{"rendered":"\n

Fracking the World: Despite Climate Risks, Fracking Is Going Global<\/a><\/h3>\n\n\n\n
\"'Fracking:<\/figure>\n\n\n\n

The U.S. exported a record 3.6 million barrels per day <\/a>of oil in February. This oil is the result of the American fracking boom \u2014 and as a report from Oil Change International <\/a>recently noted \u2014 its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production<\/a> will increase again in 2019 to record levels, largely driven by fracking in the Permian shale in Texas and New Mexico.<\/p>\n\n\n\n

And the U.S. is not alone in trying to maximize oil and gas production. Despite the financial failures <\/a>of the U.S. fracking industry, international efforts to duplicate the American fracking story are ramping up across the globe. <\/p>\n\n\n\n

The CEO of Saudi Arabian state oil company Aramco recently dismissed<\/a> the idea that global demand for oil will decrease anytime soon and urged the oil industry to \u201cpush back on exaggerated theories like peak oil demand.\u201d<\/p>\n\n\n\n

But Saudi Aramco also is gearing up for a shopping spree of natural gas assets<\/a>, including big investments in the U.S.<\/a>, and increasing gas production via fracking<\/a> in its own shale fields. Aramco is deeply invested in keeping the world hungry for more oil and gas.<\/p>\n\n\n\n

Khalid al Falih, Saudi Arabia\u2019s energy minister, told the Financial Times<\/a>, \u201cGoing forward the world is going to be Saudi Aramco\u2019s playground.\u201d But not if other countries frack there first.<\/p>\n\n\n\n

China Expanding Fracking Efforts, Testing New\u00a0Technology<\/strong><\/p>\n\n\n\n

As a major importer of oil and natural gas, it is no surprise that China is trying to exploit its own shale formations, which are rich with oil and gas. China is estimated to have the largest shale gas reserves <\/a>of any country. However, China\u2019s shale formations present different challenges than those in the U.S., including gas deposits at significantly greater depths.<\/p>\n\n\n\n

\u00a0\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Fracking the World: Despite Climate Risks, Fracking Is Going Global The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom \u2014 and as a report from Oil Change International recently noted \u2014 its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[5317,331,412,11782,16989,723],"class_list":["post-44216","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-desmog-blog","tag-fracking","tag-hydraulic-fracturing","tag-justin-mikulka","tag-permian-shale","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44216"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44216\/revisions"}],"predecessor-version":[{"id":44217,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44216\/revisions\/44217"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}