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

The true story of frackings impacton Wall Street, the economy and geopolitics The technology of fracking in shale rockparticularly in the Permian Basin in Texashas transformed America into the world's top producer of both oil and natural gas. The U.S. is expected to be energy independent and a net exporter in less than a decade, a move that will upend global politics, destabilize Saudi Arabia, crush Russia's chokehold over Europe, and finally bolster American power again. Or will it? Investigative journalist Bethany McLean digs deep into the cycles of boom and bust that have plagued the American oil industry for the past decade, from the financial wizardry and mysterious death of fracking pioneer Aubrey McClendon, to the investors who are questioning the very economics of shale itself. McLean finds that fracking is a business built on attracting ever-more gigantic amounts of capital investment, while promises of huge returns have yet to bear out. Saudi America tells a remarkable story that will persuade you to think about the power of oil in a new way. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.…