Saudi America
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Saudi America
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Bestselling author Bethany McLean reveals the true story of fracking's impact -- on Wall Street, the economy and geopolitics.
"A sharp portrait of the US shale revolution." — Financial Times
Bestselling author Bethany McLean reveals the true story of fracking's impact on Wall Street, the economy, and geopolitics. The technology of fracking in shale rock — particularly in the Permian Basin in Texas — has transformed America into the world's top producer of both oil and natural gas.
The U.S. is expected to be "energy independent" and a "net exporter" in less than a decade, a move that will upend global politics, destabilise Saudi Arabia, crush Russia's chokehold over Europe, and finally bolster American power again. Or will it?
Investigative journalist Bethany McLean digs deep into the cycles of boom and bust that have plagued the American oil industry for the past decade, from the financial wizardry and mysterious death of fracking pioneer Aubrey McClendon, to the investors who are questioning the very economics of shale itself.
McLean finds that fracking is a business built on attracting ever-more gigantic amounts of capital investment, while promises of huge returns have yet to bear out. Saudi America tells a remarkable story that will persuade you to think about the power of oil in a new way.
Book Details
INFORMATION
ISBN: 9780999745441
Publisher: Columbia Global Reports
Format: Paperback / softback
Date Published: 25 October 2018
Country: United States
Imprint: Columbia Global Reports
Illustration: No
Audience: General / adult
DIMENSIONS
Width: 127.0mm
Height: 190.0mm
Weight: 250g
Pages: 138
About the Author
Bethany McLean is the co-author of the bestseller The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron with Peter Elkind. Her second book, which she co-authored with Joe Nocera, is All the Devils are Here: The Hidden History of the Financial Crisis. Her most recent book is Shaky Ground: The Strange Saga of the U.S. Mortgage Giants. She is a contributing editor at Vanity Fair and lives in Chicago.
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