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Is the fracking revolution overhyped?

2014-06-16 08:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Daily Ticker: The nation's booming natural gas industry has transformed the U.S. energy landscape. Yet Dan Dicker, author of Oil's Endless Bid and a long-time oil trader, argues the U.S. shale revolution has been "overhyped." He tells The Daily Ticker that hydraulic fracturing (or fracking) of shale rock has increased U.S. energy production by 3.5 million barrels a day -- a significant increase from previous years but not nearly enough to keep up with global demand. "What has happened in the shale revolution...

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