Fracking Goes Global
From: Riggs Eckelberry
Los Angeles, January 2, 2014
The global shale revolution
Back in December, OilPrice.com announced five new energy booms. Fifth on the list: The Multi-Billion Dollar Shale Revolution Goes Global.
(Shale oil and gas are recovered using hydraulic fracturing, or fracking, techniques.)
The story behind the announcement can be seen in this map, which appeared in a report issued last year by the U.S. Energy Information Administration (EIA).
Source: U.S. basins from U.S. Energy Information Administration and United States Geological Survey; other basins from Advanced Resources International (ARI) based on data from various published studies.
The point: there is five times as much shale oil, and ten times as much shale gas outside the US as inside it.
According to this report, countries like China, Russia and Argentina have huge reserves that compete with, and sometimes greatly exceed the USA’s.
Now we are busy working with our partners to roll out our field systems in California’s Monterey Formation and in Delta, Colorado. Expect to hear hard news in the first weeks and months of 2014.
But we fully expect that our deal-making will expand internationally, as these countries deal with the disruption that fracking can cause.
Top honors in the bioeconomy
The world’s most widely read biofuels daily, Biofuels Digest, has a word for the world of sustainable biofuels and biochemicals: “The Bioeconomy”.
And recently, it issued its list of “The Top 100 People in the Bioeconomy, 2013-14; plus, the complete top 300… as selected by the readers and editors of The Digest.”
You can see the full list here.
We were surprised and honored to see that three OriginOil execs are in the top 300:
- Riggs Eckelberry, CEO (Top 100)
- Bill Charneski, COO
- Nicholas Eckelberry, Co-Founder & Chief Inventor
Thank you — we will do our utmost in 2014 to justify the confidence of the readers and editors of The Digest.
All our best,
Riggs and Team
President & CEO
OriginOil, Inc. (OOIL)
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