August 14, 2014

I GUESS THEY’D BETTER BE NICE TO US, THEN: China’s Shale Gas Bust. “China is finding it harder than it expected to unlock a shale gas boom like the one in North America, calling into question its lofty goals to use natural gas to help clean up its air and control the growth of greenhouse gas emissions. Citing complicated geology and high production costs, the Chinese government has cut its ambitious 2020 target for shale gas development roughly in half.”