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Saudi America: The Truth about Fracking and How It's Changing the World
Business & Economics > Industries - Energy
- Columbia Global Reports
- Paperback
- 9780999745441
- 7.4 X 4.9 X 0.5 inches
- 0.35 pounds
- Business & Economics > Industries - Energy
- (Single Author) Asian American
- English
Readara.com
Book Description
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, destabilize 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.
Author Bio
Bethany McLean is a columnist for Slate and a contributing editor at Vanity Fair. She joined Slate in October 2010 and Vanity Fair in July 2008 after spending thirteen years at Fortune, where she was an editor-at-large. In early 2001, McLean was one of the first reporters to raise questions about Enron, with her story “Is Enron Overpriced?” She and fellow Fortune senior writer Peter Elkind exposed the Enron scandal and wrote the national bestseller The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron, which went on to become an Oscar-nominated documentary.
McLean has also written in-depth pieces about the credit rating agencies, Goldman Sachs, President Clinton’s global philanthropy, Australia’s Macquarie Bank, and more. Before joining Fortune, she spent three years as an analyst at Goldman Sachs. She graduated from Williams College in 1992 with a double major in mathematics and English.
Source: Penguin Random House
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