A New Golden Era?

Unconventional Oil and Gas Regulation in the US: Implications for Korea

“The widespread use of new technology enabling the extraction of natural gas and oil from tight underground shale formations (i.e. hydraulic fracturing or “fracking”) has ushered in a new era of rapidly changing landscape in the global energy supply and production… Given that much of this energy source cannot be homegrown and the geopolitical risks associated with overdependence on Middle East sources have gone up, South Korea is likely to shift its attention to the development of unconventional oil and gas in North America. The exact measure of how much South Korea will rely on this energy source, however, should be tempered with the outlined risks as it forges ahead.”