American energy revolution

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Saudi America: The Truth About Fracking and How It's Changing the World by Bethany McLean

addicted to oil, Alan Greenspan, American energy revolution, Asian financial crisis, Bear Stearns, buy and hold, carbon tax, Carl Icahn, corporate governance, delayed gratification, Donald Trump, family office, geopolitical risk, hydraulic fracturing, Jeff Bezos, junk bonds, low interest rates, Mark Zuckerberg, Masdar, Michael Milken, oil shale / tar sands, peak oil, Silicon Valley, sovereign wealth fund, Upton Sinclair, Yom Kippur War

FURTHER READING The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman. This is the in-depth, definitive story by a longtime Wall Street Journal reporter of how wildcatters, from George Mitchell to Harold Hamm of Continental, made fracking into a reality, and made fortunes for themselves in the process. The Boom: How Fracking Ignited the American Energy Revolution and Changed the World by Russell Gold. Gold’s book is also an account of the birth of fracking, but he takes a personal and environmentally minded view. Gold, who also writes for the Wall Street Journal, is an exceptionally fair and factual reporter, and the book is clear about the pros and cons—as well as the reasons why fracking has become such a battleground.

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CHAPTER TWO 40one-bedroom apartment in Williston: According to notes circulated after a meeting of the North Dakota Sheriff & Deputies Association. 41Eagle Ford contained over nine hundred million barrels of oil: Zuckerman. 4271 requests for drilling: The Boom: How Fracking Ignited the American Energy Revolution and Changed the World, Russell Gold, Simon & Schuster, 2014. CHAPTER THREE 46Lavish and Leveraged Life: “Special Report: The Lavish and Leveraged Life of Aubrey McClendon,” John Shiffman, Anna Driver, Brian Grow, Reuters, June 7, 2012. 48debt on its balance sheet: “The Incredible Rise and Final Hours of Fracking King Aubrey McClendon,” Bryan Gruley, Joe Carroll, and Asjylyn Loder, Bloomberg Businessweek, March 10, 2016. 49existence of the billion-dollar-plus loans: “Exclusive: Chesapeake CEO Arranged New $450 Million Loan from Financier,” Jennifer Ablan, Reuters, May 8, 2012. 51print out a map of acreage: Chesapeake Energy Corp. v.

American Made: Why Making Things Will Return Us to Greatness by Dan Dimicco

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, Alan Greenspan, American energy revolution, American Society of Civil Engineers: Report Card, Apollo 11, Bakken shale, barriers to entry, Bernie Madoff, California high-speed rail, carbon credits, carbon footprint, carbon tax, clean water, congestion pricing, crony capitalism, currency manipulation / currency intervention, David Ricardo: comparative advantage, decarbonisation, digital divide, driverless car, fear of failure, full employment, Google Glasses, high-speed rail, hydraulic fracturing, invisible hand, job automation, knowledge economy, laissez-faire capitalism, Loma Prieta earthquake, low earth orbit, manufacturing employment, Neil Armstrong, oil shale / tar sands, Ponzi scheme, profit motive, Report Card for America’s Infrastructure, rolling blackouts, Ronald Reagan, Savings and loan crisis, Silicon Valley, smart grid, smart meter, sovereign wealth fund, The Wealth of Nations by Adam Smith, too big to fail, uranium enrichment, Washington Consensus, Works Progress Administration

By 2021, economists forecast that Eagle Ford shale will generate $62.1 billion in output and more than 82,000 jobs.19 States that produce little or no gas and oil are beginning to see some benefits of the boom. Businesses in New York, Illinois, and South Dakota are providing important goods and services for the oil and gas supply chain. But perhaps more surprising, the one interest that has benefited least from the new oil and gas boom has been Big Oil. According to Forbes, the new American energy revolution is largely the work of about 18,000 small- and medium-sized companies.20 I know it isn’t always obvious, but the entrepreneurial spirit still lives in the United States. It’s helpful to contrast the work of tens of thousands of companies large and small, developing new and more efficient processes and better products, with the top-down efforts by almost all of the world’s governments to combat global warming, which we’re now calling climate change.

Inventor of the Future: The Visionary Life of Buckminster Fuller by Alec Nevala-Lee

Adam Neumann (WeWork), Airbnb, Albert Einstein, Alvin Toffler, American energy revolution, Apple II, basic income, Biosphere 2, blockchain, British Empire, Buckminster Fuller, Burning Man, Charles Lindbergh, cloud computing, Columbine, complexity theory, Computer Lib, coronavirus, cotton gin, COVID-19, cryptocurrency, declining real wages, digital nomad, double helix, Douglas Engelbart, Douglas Engelbart, East Village, Electric Kool-Aid Acid Test, Elon Musk, Evgeny Morozov, Frank Gehry, gentrification, gig economy, global village, Golden Gate Park, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hydraulic fracturing, index card, information retrieval, James Dyson, Jane Jacobs, Jaron Lanier, Jeff Bezos, John Markoff, Kitchen Debate, Lao Tzu, lateral thinking, Lean Startup, Lewis Mumford, Mark Zuckerberg, Marshall McLuhan, megastructure, Menlo Park, minimum viable product, Mother of all demos, Neil Armstrong, New Journalism, Norbert Wiener, Norman Mailer, Own Your Own Home, Paul Graham, public intellectual, Ralph Waldo Emerson, reality distortion field, remote working, Ronald Reagan, side project, Silicon Valley, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, the built environment, The Death and Life of Great American Cities, the medium is the message, Thomas Malthus, universal basic income, urban planning, urban renewal, We are as Gods, WeWork, Whole Earth Catalog, WikiLeaks

Wholeness: On Education, Buckminster Fuller, and Tao. Kirkland, WA: Gerber Educational Resources, 2001. Gerst, Cole. Buckminster Fuller: Poet of Geometry. Portland, OR: Overcup Press, 2013. Gillette, King C. The Human Drift. Boston: New Era, 1894. Gold, Russell. The Boom: How Fracking Ignited the American Energy Revolution and Changed the World. New York: Simon & Schuster, 2014. Goldhagen, Sarah Williams. Louis Kahn’s Situated Modernism. New Haven, CT: Yale University Press, 2001. Gómez-Jáuregui, Valentín. Tensegrity Structures and their Application to Architecture. Santander, Spain: Cantabria University Press, 2020.

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(The Future, 4) and Spaceship Earth (Al Gore, “Al Gore Weighs In on a Long-Delayed Earth Observatory Launch,” Scientific American online, last modified February 6, 2015, https://www.scientificamerican.com/article/al-gore-weighs-in-on-sunday-s-long-delayed-earth-observatory-launch). “A tremendous mind”: “Drilling Deeper,” PB Oil & Gas, October 1, 2013, https://pboilandgasmagazine.com/drilling-deeper-october-2013 (accessed January 2021). “What are you going to do about it?”: Russell Gold, The Boom: How Fracking Ignited the American Energy Revolution and Changed the World (New York: Simon & Schuster, 2014), 95. “the father of fracking”: Tom Fowler, “‘Father of Fracking’ Dies at 94,” Wall Street Journal, July 26, 2013. Richard Dawkins: “I was once privileged to hear [RBF], in his nineties [sic], lecturing for a mesmerizing three hours without respite” (Richard Dawkins, Climbing Mount Improbable [New York: W.

The Wealth of Humans: Work, Power, and Status in the Twenty-First Century by Ryan Avent

3D printing, Airbnb, American energy revolution, assortative mating, autonomous vehicles, Bakken shale, barriers to entry, basic income, Bernie Sanders, Big Tech, BRICs, business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, computer age, creative destruction, currency risk, dark matter, David Ricardo: comparative advantage, deindustrialization, dematerialisation, Deng Xiaoping, deskilling, disruptive innovation, Dissolution of the Soviet Union, Donald Trump, Downton Abbey, driverless car, Edward Glaeser, Erik Brynjolfsson, eurozone crisis, everywhere but in the productivity statistics, falling living standards, financial engineering, first square of the chessboard, first square of the chessboard / second half of the chessboard, Ford paid five dollars a day, Francis Fukuyama: the end of history, future of work, general purpose technology, gig economy, global supply chain, global value chain, heat death of the universe, hydraulic fracturing, income inequality, independent contractor, indoor plumbing, industrial robot, intangible asset, interchangeable parts, Internet of things, inventory management, invisible hand, James Watt: steam engine, Jeff Bezos, Jeremy Corbyn, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph-Marie Jacquard, knowledge economy, low interest rates, low skilled workers, lump of labour, Lyft, machine translation, manufacturing employment, Marc Andreessen, mass immigration, means of production, new economy, performance metric, pets.com, post-work, price mechanism, quantitative easing, Ray Kurzweil, rent-seeking, reshoring, rising living standards, Robert Gordon, Robert Solow, Ronald Coase, savings glut, Second Machine Age, secular stagnation, self-driving car, sharing economy, Silicon Valley, single-payer health, software is eating the world, supply-chain management, supply-chain management software, tacit knowledge, TaskRabbit, tech billionaire, The Future of Employment, The Nature of the Firm, The Rise and Fall of American Growth, The Spirit Level, The Wealth of Nations by Adam Smith, trade liberalization, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, Uber for X, uber lyft, very high income, warehouse robotics, working-age population

But there on the northern Plains, west of Minneapolis and north of Denver, where nothing but emptiness ought to be, is a blaze of light as big as Chicago. What has taken over the North Dakota countryside is not a massive new supercity but the fracking wells of the Bakken shale, one manifestation of an extraordinary American energy revolution. The hundreds of wells that dot the land are spot-lit at night, and are occasionally ablaze with light when excess natural gas from the wells is burnt off. Of the new work that resembles the mass employment of the industrial past, jobs in fracking are probably the closest analogue to industrial-era factory jobs.

The Power Surge: Energy, Opportunity, and the Battle for America's Future by Michael Levi

addicted to oil, American energy revolution, Berlin Wall, British Empire, business cycle, carbon tax, Carmen Reinhart, crony capitalism, deglobalization, energy security, Exxon Valdez, fixed income, Ford Model T, full employment, geopolitical risk, global supply chain, hiring and firing, hydraulic fracturing, Induced demand, Intergovernmental Panel on Climate Change (IPCC), It's morning again in America, Jevons paradox, Kenneth Rogoff, manufacturing employment, off-the-grid, oil shale / tar sands, oil shock, peak oil, RAND corporation, Ronald Reagan, Silicon Valley, Solyndra, South China Sea, stock buybacks

There are modest exceptions, like somewhat greater climate risks from new oil production if climate sensitivity turns out to be surprisingly large, and bigger economic risks from some new environmental rules meant to foster efficiency and alternatives if economic growth continues to falter. But the broader lesson remains: there are big opportunities to be gained from both of the American energy revolutions that are under way. 8 T HE EN ER G Y O PPORTU N I TY The United States is in the throes of two unfolding energy revolutions. Yet few are celebrating both. A Gallup poll conducted in March 2012 asked Americans a simple question: Should the United States focus on expanding fossil-fuel supplies, or on developing alternative energy sources?

The Boom: How Fracking Ignited the American Energy Revolution and Changed the World by Russell Gold

accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, activist lawyer, addicted to oil, Alan Greenspan, American energy revolution, Bakken shale, Bernie Sanders, Buckminster Fuller, California energy crisis, Carl Icahn, clean water, corporate governance, corporate raider, cotton gin, electricity market, energy security, energy transition, financial engineering, hydraulic fracturing, Intergovernmental Panel on Climate Change (IPCC), man camp, margin call, market fundamentalism, Mason jar, North Sea oil, off-the-grid, oil shale / tar sands, oil shock, peak oil, precautionary principle, Project Plowshare, risk tolerance, rolling blackouts, Ronald Reagan, seminal paper, shareholder value, Silicon Valley, Upton Sinclair

For more information or to book an event, contact the Simon & Schuster Speakers Bureau at 1-866-248-3049 or visit our website at www.simonspeakers.com. Interior design by Ruth Lee-Mui Map by Paul J. Pugliese Jacket art and design by FDT Design Library of Congress Cataloging-in-Publication Data Gold, Russell.  The boom : how fracking ignited the American energy revolution and changed the world / Russell Gold.   p. cm  1. Petroleum industry and trade—Environmental aspects—United States.  2. Oil wells—Hydraulic fracturing. 3. Energy policy—United States. 4. Energy consumption—United States. I. Title.  HD9565.G65  2014  333.8' 230973—dc23 2013028446 ISBN 978-1-4516-9228-0 ISBN 978-1-4516-9230-3 (ebook)

Crude Volatility: The History and the Future of Boom-Bust Oil Prices by Robert McNally

"World Economic Forum" Davos, Alan Greenspan, American energy revolution, Asian financial crisis, banking crisis, barriers to entry, Bear Stearns, Bretton Woods, collective bargaining, credit crunch, energy security, energy transition, geopolitical risk, housing crisis, hydraulic fracturing, Ida Tarbell, index fund, Induced demand, interchangeable parts, invisible hand, joint-stock company, market clearing, market fundamentalism, megaproject, moral hazard, North Sea oil, oil rush, oil shale / tar sands, oil shock, peak oil, price discrimination, price elasticity of demand, price stability, sovereign wealth fund, subprime mortgage crisis, Suez canal 1869, Suez crisis 1956, transfer pricing, vertical integration

Reuters, May 22, 2015. http://www.reuters.com/article/saudi-refining-evolution-idUSL5N0YC4AI20150522. Glick, Devin. “A Look at the IEA 2011 Release of Strategic Oil Reserves.” Research paper sponsored by the Institut Français des Relations Internationales. July 28, 2011. https://bakerinstitute.org/files/276/ Gold, Russell. The Boom: How Fracking Ignited the American Energy Revolution and Changed the World. New York: Simon & Schuster, 2014. ——. “No End in Sight for Crude-Oil Glut.” Wall Street Journal Europe, August 21, 2015. Goldwyn, David L., and Michelle Billig. “Building Strategic Reserves.” In Energy & Security: Toward a New Foreign Policy Strategy, edited by Jan H.

Breakout Nations: In Pursuit of the Next Economic Miracles by Ruchir Sharma

"World Economic Forum" Davos, 3D printing, affirmative action, Alan Greenspan, Albert Einstein, American energy revolution, anti-communist, Asian financial crisis, banking crisis, Berlin Wall, book value, BRICs, British Empire, business climate, business cycle, business process, business process outsourcing, call centre, capital controls, Carmen Reinhart, central bank independence, centre right, cloud computing, collective bargaining, colonial rule, commodity super cycle, corporate governance, creative destruction, crony capitalism, deindustrialization, demographic dividend, Deng Xiaoping, eurozone crisis, financial engineering, Gini coefficient, global macro, global supply chain, Goodhart's law, high-speed rail, housing crisis, income inequality, indoor plumbing, inflation targeting, informal economy, junk bonds, Kenneth Rogoff, knowledge economy, labor-force participation, land reform, low interest rates, M-Pesa, Mahatma Gandhi, Marc Andreessen, market bubble, Masayoshi Son, mass immigration, megacity, Mexican peso crisis / tequila crisis, middle-income trap, Nelson Mandela, new economy, no-fly zone, oil shale / tar sands, oil shock, open economy, Peter Thiel, planetary scale, public intellectual, quantitative easing, reserve currency, Robert Gordon, rolling blackouts, Shenzhen was a fishing village, Silicon Valley, software is eating the world, sovereign wealth fund, The Great Moderation, Thomas L Friedman, trade liberalization, Tyler Cowen, Watson beat the top human players on Jeopardy!, working-age population, zero-sum game

The explosive pace of shale gas development in the United States has also given it a huge lead in building the basic infrastructure and cultivating experienced talent: there are now 425 gas rigs drilling on U.S. lands, compared to about 30 in Europe. Fracking technology took off in the United States because it took advantage of the country’s long-standing strengths, including strong property rights and ready financing for promising entrepreneurial ventures. At its core, the American energy revolution is a technology revolution. The Technology Edge Today, an interesting debate is under way over whether the digital technology revolution is really a big deal in terms of improving U.S. productivity. Leading skeptics about America’s productivity boom, such as Northwestern University economist Robert Gordon, say the computer and the Internet, even when rendered mobile in handheld devices, do less to raise productivity than inventions from previous technology revolutions—particularly the emergence in the late nineteenth century of electricity, the combustion engine, and indoor plumbing.

The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman

activist fund / activist shareholder / activist investor, addicted to oil, Alan Greenspan, American energy revolution, Asian financial crisis, Bakken shale, Bear Stearns, Bernie Sanders, Buckminster Fuller, Carl Icahn, corporate governance, corporate raider, credit crunch, energy security, Exxon Valdez, Great Leap Forward, housing crisis, hydraulic fracturing, Kickstarter, LNG terminal, man camp, margin call, Maui Hawaii, North Sea oil, oil rush, oil shale / tar sands, oil shock, peak oil, Peter Thiel, reshoring, self-driving car, Silicon Valley, sovereign wealth fund, Steve Jobs, Timothy McVeigh, urban decay

Papa’s announcement did more than confirm EOG’s ascendance in the energy world. It was proof that the Bakken wasn’t a freak, one-off formation and fresh evidence that the country was beginning to pump enough oil and natural gas from shale to shake up the world’s energy order. By then, the big boys of the oil and gas world had taken belated notice of the American energy revolution, one that carried the possibility of American independence, this time from foreign oil. Now the giants had to get in, before it was too late. In 2011 and 2012, London’s BP, Norway’s Statoil ASA, and France’s Total SA each spent billions of dollars for acquisitions, interests, and joint ventures in shale formations in Pennsylvania, Oklahoma, Texas, Arkansas, and elsewhere.

The New Map: Energy, Climate, and the Clash of Nations by Daniel Yergin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 3D printing, 9 dash line, activist fund / activist shareholder / activist investor, addicted to oil, Admiral Zheng, Albert Einstein, American energy revolution, Asian financial crisis, autonomous vehicles, Ayatollah Khomeini, Bakken shale, Bernie Sanders, BRICs, British Empire, carbon tax, circular economy, clean tech, commodity super cycle, company town, coronavirus, COVID-19, decarbonisation, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, distributed generation, Donald Trump, driverless car, Edward Snowden, Elon Musk, energy security, energy transition, failed state, Ford Model T, geopolitical risk, gig economy, global pandemic, global supply chain, green new deal, Greta Thunberg, hydraulic fracturing, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), inventory management, James Watt: steam engine, John Zimmer (Lyft cofounder), Kickstarter, LNG terminal, Lyft, Malacca Straits, Malcom McLean invented shipping containers, Masayoshi Son, Masdar, mass incarceration, megacity, megaproject, middle-income trap, Mikhail Gorbachev, mutually assured destruction, new economy, off grid, oil rush, oil shale / tar sands, oil shock, open economy, paypal mafia, peak oil, pension reform, power law, price mechanism, purchasing power parity, RAND corporation, rent-seeking, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, Russian election interference, self-driving car, Silicon Valley, smart cities, social distancing, South China Sea, sovereign wealth fund, Suez crisis 1956, super pumped, supply-chain management, TED Talk, trade route, Travis Kalanick, Twitter Arab Spring, Uber and Lyft, uber lyft, ubercab, UNCLOS, UNCLOS, uranium enrichment, vertical integration, women in the workforce

Mitchell: Fracking, Sustainability, and an Unorthodox Quest to Save the Planet (College Station: Texas A&M University Press, 2019), p. 174 (“livable forest”), p. 23; interview with Dan Steward; Gregory Zuckerman, The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters (New York: Portfolio/Penguin, 2013), p. 21; Dan Steward, The Barnett Shale Play: Phoenix of the Fort Worth Basin (Fort Worth: Fort Worth Geological Society, 2007); Russell Gold, The Boom: How Fracking Ignited the American Energy Revolution and Changed the World (New York: Simon & Schuster, 2014). 2. Interview with Dan Steward; Steward, The Barnett Shale Play; Gold, The Boom; Steffy, George P. Mitchell, p. 23 (“sad”); Roger Galatas, “Why George Mitchell Sold the Woodlands,” The Woodlands History, December 2011 (“hated”). 3.