Who created the illusion of U.S. energy independence

Pipeline capacity shortage and long-term downturn in  unconventional gas  prices , has led to a serious loss of shale gas producers , like the American flag has been the appeal of shale gas magnate Chesapeake also had to sell because of the long-term trouble, " Shale Gas Revolution" overly optimistic debt acquired assets . Only in 2012 the company sold $ 12 billion on shale gas and related assets, in order to improve its deteriorating financial position. Even so , the company's financial position had not been able to completely improve , but instead become an acquisition target .

Many former glory shale gas companies because there is not enough capacity to carry their shale gas production , the focus had shifted back towards the hydraulic fracturing of shale oil -containing reservoir layer in an attempt to start when the high crude oil prices and more Some shale oil output to compensate for the early development of shale gas alone when losses.frac sand Thus, on the one hand , the U.S. Energy Information Administration of the international benchmark oil from West Texas Intermediate crude oil (WTI) to Brent (Brent), to interfere with the audio-visual ; the other hand, they passed the New York crude oil trading market financial engineering tools WTI oil prices will stabilize in the long-term $ 95 a barrel, up and down , making investments in shale oil saw a ray of hope . Therefore, the oilfield services company received a large number of drilling contracts , shale oil rig count is rising rapidly. As of April 12 , the total number of U.S. shale oil drilling additional 2% , shale oil rig 30 new units, a total of 1,387 units, a record high but also the 1492 units. " Shale oil revolution" gave the American dream of energy independence for the hypnosis.

Issuing burning permits, lack of venture capital and investment capacity control has become a U.S. " revolution ," the knot and become another battlefield game system . If left unchecked, shale oil production continues to increase , the total flaring will continue to increase . If the expansion of natural gas pipelines , investment risk and difficult to control . And rely on income from oil and gas exploration licenses to obtain considerable state governments are unwilling to give up this piece of shale oil sources . North Dakota Industrial Commission spokesman bluntly, " If we pass to limit production methods to reduce oil flaring , then we cash income from oil will be reduced to the original level of 1/ 5 ."

Therefore, both the U.S. shale gas revolution, or because of shale oil production caused by the illusion of American energy independence ,frac proppant or a " vertical separation model" pipeline transportation system arrangement, are hidden whether the United States toward resource industries major political geography game and choice.

If you do not carefully study the history of American institutional arrangements of the game , do not understand the technical and economic , is only to study its legislative literal meaning , not only the United States can not effectively learn advanced legislation and the essence of the game , Ceramic proppant and there are likely to mislead his country's decision-makers, particularly in China shale gas industry development process.