Saudi America: The Truth About Fracking and How It's Changing the World

The true story of fracking's impact on Wall Street, the economy, and geopolitics is explored in the documentary Saudi America. The U.S. is becoming the world's top oil and natural gas producer due to fracking, but it is a capital-intensive business with promises of huge returns that have yet to materialize.

Format: Paperback / softback
Length: 138 pages
Publication date: 27 September 2018
Publisher: Columbia Global Reports

The impact of fracking on Wall Street, the economy, and geopolitics has been profound, particularly in the Permian Basin in Texas. The technology of fracking, which involves extracting oil and natural gas from shale rock, has transformed the United States into the world's top producer of both oil and natural gas. This has significant implications for global politics, as the U.S. is expected to become "energy independent" and a "net exporter" within the next decade. This will upend the current power dynamics, destabilize Saudi Arabia, crush Russia's hold over Europe, and bolster American power once again.

However, the road to energy independence has not been without its challenges. Investigative journalist Bethany McLean delves 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 questioning the economics of shale itself, McLean uncovers a complex and controversial industry.

One of the key findings of McLean's research is that fracking is a business built on attracting ever-more gigantic amounts of capital investment. The promise of huge returns has yet to materialize, and many investors are skeptical about the long-term sustainability of the industry. This has led to a wave of consolidation among oil and gas companies, as they seek to maximize their returns and reduce their exposure to risk.

Another important aspect of Saudi America is its exploration of the power of oil in a new way. The film highlights the role that Saudi Arabia plays in the global oil market, and how its policies and actions have impacted the world's energy landscape. It also examines the impact of fracking on Saudi Arabia's economy, particularly in terms of job creation and economic growth.

Overall, Saudi America is a thought-provoking and informative film that sheds light on the complex and controversial world of fracking and its impact on Wall Street, the economy, and geopolitics. It is a must-watch for anyone interested in understanding the future of energy and the role that Saudi Arabia plays in shaping it.

Weight: 162g
Dimension: 129 x 189 x 10 (mm)
ISBN-13: 9780999745441