Some—including Britain’s new prime minister, Liz Truss—think hydraulic fracturing could be a big part of the answer to the energy crisis. Could it help Europe ramp up its energy production?
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America’s example looks like a reason for optimism. Its oil-and-gas companies developed fracking in the 1940s as a means to improve the flow in wells. The process uses water, sand and thickening agents to blast gas out of porous rock formations, known as shale, deep underground. Over the past decade the widespread application of fracking has. Most of the 950bn cubic metres of gas America produces each year comes from fracking.
Second, there are economic and political impediments. America’s shale-gas revolution was facilitated by the country’s relatively low population density, a helpful legal and regulatory environment and well-developed energy infrastructure and supply chains. The situation in Europe is very different. Its population density is much higher, and local opposition to shale-gas wells is likely to be more intense. That is partly because of environmental concerns, which are more vocal in Europe.
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