Heinberg sees pain ahead for frackers

By Richard Heinberg, originally published by Russia Today

November 12, 2014

Note: Segment begins at 15:45. Erin sits down with Richard Heinberg – senior fellow at the Post Carbon Institute – to discuss oil.

Richard tells us how he interprets the potential deal between China and Russia for Western Siberian gas and gives us his take on Saudi price cuts. He believes that the Saudi price cuts could help put the US fracking industry over the edge, making much of the oil from their wells unprofitable.

Recorded 11 November 2014 for RT: Boom and Bust.

[Segment time corrected – Ed]

Richard Heinberg

Richard is Senior Fellow of Post Carbon Institute, and is regarded as one of the world’s foremost advocates for a shift away from our current reliance on fossil fuels. He is the author of fourteen books, including some of the seminal works on society’s current energy and environmental sustainability crisis. He has authored hundreds of essays and articles that have appeared in such journals as Nature and The Wall Street Journal; delivered hundreds of lectures on energy and climate issues to audiences on six continents; and has been quoted and interviewed countless times for print, television, and radio. His monthly MuseLetter has been in publication since 1992. Full bio at postcarbon.org.

Tags: Fracking, geopolitics, oil price

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