Oil Drilling Technology Leaps, Clean Energy Lags
EXPLORING ENERGY FRONTIERS
In this March 29, 2013 photo, technicians inside a trailer direct the pressure and mix of water and chemicals pumped into an Encana Oil & Gas (USA) Inc. well during hydraulic fracturing, outside Rifle, in western Colorado. Technology created an energy revolution over the past decade, but Old Energy is winning. Oil companies big and small have used technology to find a bounty of oil and natural gas so large that worries about running out have melted away. (AP Photo/Brennan Linsley)
The new century brought deep concerns the world’s oil reserves were increasingly concentrated in the Middle East – and beginning to run out. Energy prices rose to record highs. Climate scientists showed that reliance on fossil fuels was causing troubling changes to the environment.
“The general belief was that the end of the oil era was at hand,” says Daniel Yergin, an energy historian and author of “The Quest: Energy, Security and the Remaking of the Modern World.”
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Posted by FanningCommunications
on Jun 1st, 2013 and filed under News
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