Sophisticated American and Canadian energy industries have given the Free World an economic boost and a powerful diplomatic weapon.
The North American “fracking” revolution — hydraulic fracturing to tap vast reservoirs of “tight” natural gas and oil — has altered the world’s strategic calculus.
U.S. and Canadian firms began experimenting with advanced oil and gas recovery techniques well before the “shale oil boom” made headlines. However, the development of fields in North Dakota and Texas helped develop techniques, technology and expertise. Fracking has opened previously untapped reservoirs. Frackers use improved drilling and production techniques to exploit existing fields. Information technology helps energy companies identify new oil and gas reservoirs and reduce the risks of “wildcat” oil and gas exploration.