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Why America's Shale Boom Will Last For Years

Mar 20, 2013, 05:51 IST

Getty Images / Matthew LloydThere remains controversy over just how long America's current energy boom will last.

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Some, like University of Chicago professor Raymond Pierrehumbert, argue we are totally overlooking the rapid depletion rate of shale oil and gas wells. This is among other signs of a slowdown.

And there's also been vocal opposition to the practice itself, as evidence has shown fracking can contaminate groundwater and cause earthquakes. Support is mounting in New York to to maintain the state's fracking moratorium.

But there are plenty of experts who would argue such notions are off the mark.

Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together what we think is a comprehensive review of the American shale story. Ultimately, we think that you'll conclude that "Saudi America" is real and here to stay.

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