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Ten years ago, major oil and gas companies thought it was crazy to try to extract fossil fuels buried in shale rock deep below the ground. But a few oil and gas prospectors thought differently. In a new book, a Wall Street Journal reporter shows how these men risked their careers to develop a new drilling process known hydraulic fracturing or fracking. He chronicles the story of how a group of ambitious and headstrong drillers ignored the experts and dramatically transformed America’s energy production. In just a few years “the Frackers” made astonishing fortunes and triggered a global environmental outcry.
Reprinted from THE FRACKERS: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman with permission of Portfolio, a member of Penguin Group (USA) LLC, A Penguin Random House Company. Copyright (c) Gregory Zuckerman, 2013.
By visiting Africa this month, President Obama is drawing attention to one of the diplomatic tools that most directly shapes America's relationships with other countries: foreign aid and assistance. But now all policy makers at home feel the United States is pursuing the soundest strategy when it comes to providing aid abroad. We explore the issue with the official in charge of the Africa portfolio for the United States Agency for International Development.