Here’s a really sobering article for those who believe Karoo shale is poised to deliver a fracking bonanza. Fracking works best when legislation encourages innovation and oil prices are high. But it stutters and can even peter out when the situation reverses. South African legislators got themselves caught up in the promise of a boom which may never happen. Witness China.
Today’s Rational Alternative (video) explores the implications in greater detail. – Alec Hogg, The Rational Alternative