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The economics of shale oil: Saudi America

2014-02-15 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Economist: DENNIS LITHGOW is an oil man, but sees himself as a manufacturer. His factory is a vast expanse of brushland in west Texas. His assembly line is hundreds of brightly painted oil pumps spaced out like a city grid, interspersed with identical clusters of tanks for storage and separation. Through the windscreen of his truck he points out two massive drilling rigs on the horizon and a third about to be erected. Less than 90 days after they punch through the earth, oil will start to flow. What if theyre...

Tags: america oil economics saudi

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