Hubbert’s Peak, Mitchell’s Boom

This article presents discussions conducted in an event held in Washington, D.C., dedicated to the topic of the international shipment of energy. The session was called, ‘The Geopolitical Implications and Mutual Benefits of U.S. LNG Exports.’ The broad consensus was that, to create greater stability in international energy markets, United States should increase its exports of liquefied natural gas. The panelists also had a view on the fact that there also are many concerns about the environmental impact and ultimate costs of the practice. Hydraulic fracturing certainly has extended the Oil Age, but it does not assure a supply of gas and oil forever. The industry is being confronted with bans and moratoria that must be resolved. The new abundance and the costs in achieving it have created euphoria in some quarters and deep concerns in others.