Published on Feb 7, 2014 The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters Gregory Zuckerman of the Wall Street Journal
Moderated by Joel Kurtzman of the Milken Institute
February 6, 2014
4:30 p.m.-6:00 p.m.
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For decades, they operated on the fringes of the energy industry. Now the unlikely wildcatters who perfected fracking have moved from the fringes to the forefront of a revolution that has turned the United States into the world’s fastest-growing energy power.
At this Milken Institute Forum, Gregory Zuckerman, a senior writer for the Wall Street Journal and the author of “The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters,” will tell the dramatic tale of the ambitious and headstrong wildcatters who were determined to tap the massive deposits of oil and gas that the industry’s giants had dismissed as a waste of time.
Their success with hydraulic fracturing–known as fracking–through extremely dense shale has transformed the U.S. energy landscape. Once dependent on imported energy, the U.S. is expected to pass Saudi Arabia and Russia to become the world’s largest oil producer. The wildcatters’ success has transformed their personal lives as well. Like the Rockefellers and the Gettys before them, they’re using their newfound wealth and power to influence politics, education, entertainment, sports, and many other fields. The revolution the frackers are responsible for has transformed the U.S. economy, raised environmental concerns, and upended global geopolitics. In some ways, their impact is just beginning.