Why US shale will crash and UK will fail: a history of shale oil & gas production in pictures & charts
- August 17, 2018
- 6778 views
August 16, 2018 by Jeremy Leggett
With fracking about to recommence in the UK after 8 years, social entrepreneur and writer Jeremy Leggett reviews the short but troubled history of fracking in the U.S. In a devastating slide presentation, he pictures the shale gas industry as a dirty, multi-hundred-billion-dollar doomed-to-burst debt bubble. And he predicts a similar fiasco in the UK. Courtesy Future Today.
This presentation was first published on Jeremy Leggett’s website Future Today and is republished here with permission.
Jeremy Leggett is an award-winning social entrepreneur and writer. He is, among many other things, founder and board director of Solarcentury, an international solar solutions company, and founder and chair of SolarAid, a charity funded with 5% of Solarcentury’s annual profits that builds solar lighting markets in Africa . He is former chair of Carbon Tracker, a climate-and-finance think tank analysing climate risk in the capital markets.
He has written five books, most recently The Winning of The Carbon War. He continues to chronicle the energy transition, and its intersection with tech, on his website Future Today, and in a column in Impact4All magazine. His other books are The Carbon War (2000), an eye-witness account of the climate negotiations in the 1990s; Half Gone (2005), an account of the interaction between oil depletion and climate change; The Solar Century (2009), a vision of the solar revolution; and The Energy of Nations (2013).