That would be except for New York, the empire state which certianly can not be a free economy because of excessive regulation and taxation. Pretty sad that our state shut down an important growing industry on a political whim and many falsehoods.JLCpulse
Op/Ed3/05/2014 @ 12:23AM By Peter Kaznacheev in Forbes
As the political situation in Ukraine heats up, the shale gas revolution in the U.S. becomes even more important because of its potential to shift the balance of power in Europe and Asia. Amid the debate about the shale boom and whether exports of U.S. crude oil and liquefied natural gas should be allowed there is one question that gets too little attention. What were the institutional conditions that allowed the “shale gas revolution” to happen?
On a technical level, advancements in three key technologies – horizontal drilling, hydraulic fracturing and advances in seismic data collection and its digital interpretation – brought about an unprecedented increase in production. In 2000, shale gas supplied only 1% of the United States’ natural gas needs; today it supplies over a quarter. The US Energy Information Administration forecasts that by 2035, 46% of US natural gas...