Are We Underestimating America’s Fracking Boom?

“It’s the tale of a company called Sasol, the former South African state oil company, which is embarking on what could be the single-largest foreign investment project in U.S. history.  Sasol is building a 3,034-acre energy complex near a bayou in Lake Charles, La. Tapping into cheap, fracked natural gas as well as Gulf Coast pipeline and shipping infrastructure, Sasol plans to spend as much as $21 billion there.  This is engineering on a scale so large that it requires closing 26 public roads, buying out 883 public-property lots, and hiring 7,000 workers at peak construction.  In all, some 66 industrial projects—worth some $90 billion—will be breaking ground over the next five years in Louisiana.”

http://online.wsj.com/articles/are-we-underestimating-americas-fracking-boom-1401234486

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