Economic Perspectives

Shale as saviour?

Print edition : December 27, 2013

Pump jacks at the Midway Sunset oilfield in California, U.S. Photo: LUCY NICHOLSON/REUTERS

In the Monterey Shale in California, an exploratory well drills for oil using the hydraulic fracturing, or fracking, method, in which large amounts of water, sand and chemicals are injected into shale formations to force hydrocarbon fuels to the surface. Photo: LUCY NICHOLSON/REUTERS

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