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The Green and the Black

The Complete Story of the Shale Revolution, the Fight over Fracking, and the Future of Energy

This book can be downloaded and read in iBooks on your Mac or iOS device.

Description

Gary Sernovitz leads a double life. A typical New York liberal, he is also an oilman - a fact his left-leaning friends let slide until the word "fracking" entered popular parlance. "How can you frack?" they suddenly demanded, aghast. But for Sernovitz, the real question is, "What happens if we don't?"

Fracking has become a four-letter word to environmentalists. But most people don't know what it means. In his fast-paced, funny, and lively book, Sernovitz explains the reality of fracking: what it is, how it can be made safer, and how the oil business works.

He also tells the bigger story. Fracking was just one part of a shale revolution that shocked our assumptions about fueling America's future. The revolution has transformed the world with consequences for the oil industry, investors, environmentalists, political leaders, and anyone who lives in areas shaped by the shales, uses fossil fuels, or cares about the climate - in short, everyone. Thanks to American engineers' oilfield innovations, the United States is leading the world in reducing carbon emissions, has sparked a potential manufacturing renaissance, and may soon eliminate its dependence on foreign energy. Once again the largest oil and gas producer in the world, America has altered its balance of power with Russia and the Middle East.

Yet the shale revolution has also caused local disruptions and pollution. It has prolonged the world's use of fossil fuels. Is there any way to reconcile the costs with the benefits of fracking?

To do so, we must start by understanding fracking and the shale revolution in their totality. The Green and the Black bridges the gap in America's energy education. With an insider's firsthand knowledge and unprecedented clarity, Sernovitz introduces readers to the shales - a history-upturning "Internet of oil" - tells the stories of the shale revolution's essential characters, and addresses all the central controversies. To capture the economic, political, and environmental prizes, we need to adopt a balanced, informed perspective. We need to take the green with the black. Where we go from there is up to us.

From Publishers Weekly

Jan 04, 2016 – A much-maligned energy technology gets a thorough vetting in this sharp-eyed, wised-up primer. Sernovitz, a novelist (Great American Plain) and executive at a hydrocarbon-focused private equity firm, explores from several angles the revolution in hydraulic fracturing, aka fracking, that has unlocked huge deposits of American oil and gas. He argues that these advances will boost energy supplies and lower prices, wrestles with environmental impacts (the ballyhooed threat to groundwater, he concludes, is virtually nil, while problems with surface contamination, noise, and obnoxiousness are real but manageable), and notes that using fracked gas has substantially lowered U.S. carbon emissions. He also discusses recent collapses in both natural gas and oil prices, as well as the effect of fracking on Canadian tar sands. Sernovitz revels in the entertainment value of the fracking boom, with its manic drill-or-die entrepreneurs, dogged engineers steadily improving the art, euphoric land rushes, and frantic retreats. He has pointed opinions and a sardonic wit, but his evenhanded treatment he discloses his own biases and stake in the industry debunks both the hype and the panic. Sernovitz's deep insider's knowledge and scintillating prose make this one of the best treatments of this very contentious subject.
The Green and the Black
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  • $14.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Industries & Professions
  • Published: Feb 23, 2016
  • Publisher: St. Martin's Press
  • Seller: Macmillan / Holtzbrinck Publishers, LLC
  • Print Length: 256 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.5 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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