As shale gas booms, drilling 'frackdown' has industry on edge
Ever since the Barnett Shale formation in North Texas proved to be one of the most prolific natural gas plays in North America, producers have been flocking to other shales from Appalachia to the Gulf Coast in hopes of extracting the trillions of cubic feet of gas believed to be trapped beneath.
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IEA sees OPEC capacity growth at just 1.7 million b/d between 2008-2014
Having forecast late last year that OPEC capacity would grow by 3.2 million b/d by 2014, the International Energy Agency now sees OPEC capacity growth at just 1.7 million b/d between 2008 and 2014.
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