How Shale Energy is Bringing America and China Together
From Quartz
By Naomi Rovnick
Despite their constant squabbles, there is one area of industry where America and China are tentatively making friends.
That is the field of shale energy, where the controversial drilling technology known as “fracking” is used to pump water into shale rocks to remove oil and gas.
Because the US has a huge amount of untapped shale reserves and leads the world in extraction technology, it may be the on the verge of total energy independence.
China also has great prospects in shale, with gas reserves that may even be bigger than the US’s and Canada’s combined. But it lacks the expertise to turn its reserves into energy. So Chinese companies are chasing investments (paywall) in America’s shale industry to access technology that can help it turn its reserves into energy.
