"Rather than expand government, public policy should end preferential subsidies for politically favored energies and privatize such assets as public-land resources and the Strategic Petroleum Reserve. Multibillion-dollar energy programs at the U.S. Department of Energy should be eliminated. Such policy reform can simultaneously increase energy supply, improve energy security, reduce energy...
8. Have other countries used fracking yet?Submitted by MikeChalberg on Wed, 2012-05-02 15:51
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Fracking has quickly spread across the world. Canada has a huge shale formation throughout Alberta, while Europe also has some significant proven natural gas reservoirs.
Fracking is currently in widespread use in Canada, the UK, Russia, Australia, China, and India. Many other countries are in the process of building the infrastructure necessary for such a large-scale project. Meanwhile, France and Bulgaria have completely banned the practice. Below is a closer look at the recent developments of fracking in Europe.
Many countries have been drilling for natural gas for a long time. Fracking the same areas will usually produce more gas. It is likely that most of the nations with such reserves will begin to frack in the near future if they haven't started already. Below is a look at the world's supply of both proven gas reserves (areas that have been determined to contain sufficient natural gas to justify fracking), as well as "recoverable" shale gas reserves (less is known about these reserves, making those sites unlikely to be drilled in the near future).
As with oil reserves,the Middle East has the largest amount of proven natural gas reserves. Fracking proponents hope that the new technology will even the "natural gas playing field."
Finally, here is another look at the proven natural gas reserves on a regional and national basis. Click on the source to reach the interactive map and explore it yourself.