Fracking for natural gas is a popular topic of discussion in the United Kingdom right now.
For months, lawmakers, energy industry leaders and investors everywhere have been wondering how the United States’ shale oil boom will affect the Organization of the Petroleum Exporting Countries (OPEC).
According to the U.S. Energy Information Administration, Brazil has the 10th largest reserves of technically recoverable shale gas in the world, at 245 trillion cubic feet.
The current system of hydraulic fracturing uses a great deal of water.
Located in south Texas, the Eagle Ford formation has been producing massive amounts of oil for the past few years.