When Hubbert presented the results at the Amsterdam conference, “it wa — Petroleum engineering

"The results in Poland to date indeed have been disappointing,” concedes geologist Scott Stevens of ARI. He says that the main reason for the unproductive wells was “extremely high” stresses in the rock, which makes fracking less effective. “There was no way that the exploration companies could know that in advance,” he notes. Nonetheless, he argues, “It is too soon to dismiss Polands extensive shale potential.” Given the limited available data, he does not see a reason to revise ARIs estimate."

"What is happening in the US between now and 2025 [is] a huge expansion of oil production, about 80% of the global oil production growth comes from the US. It exceeds the huge expansion of Saudi Arabia which we witnessed in the 1960s and 70s."

"By the time Shell tasked Hubbert with explaining how fracking worked, “we had the records of several thousand fracturing jobs, with varying degrees of reliability in their data,” he recalled. “We had to smoke out useful information.”"

"Unlike Ahab (spoiler alert), Drake wasn’t destroyed by his discovery — at least not instantly. But although he was the first to engineer a successful oil-drilling system, lining his well with pipe to keep it from caving in, he never patented the method, and the money he’d made when he struck oil soon dried up. A century later, TIME referred to him as “a sickly, bearded failure of a man in a stovepipe hat” in a story that nonetheless acknowledged that “[t]hough Discoverer Drake wound up virtually penniless and forgotten, his find opened the scramble for oil across the land,” inspiring a legion of oil prospectors to chase what had become, by 1959, “the greatest single source of wealth in America.”"

"We currently import around half of our gas needs, but by 2030 that could be as high as 75%. Thats why were encouraging investment in our shale-gas exploration so we can add new sources of home-grown supply."

"“Scores of papers on injection-induced earthquakes were published in the geophysical literature in the following 40-plus years, and the problem was well understood and appreciated by seismologists,” says Bill Ellsworth, a Stanford University geophysicist who launched his career at the USGS while the Rangely experiment was under way. He believes professional skepticism slowed the formation of a consensus. “There were a lot of doubts expressed by very good petroleum engineers that [earthquakes caused by injection wells] were even possible,” he says. “Knowledge of the whole physical process was either lost or had not been effectively communicated to a broad community.”"