In the energy sector, improved fossil -
fuel extraction methods and differing growth outlooks are forcing legacy companies to reconsider their strategies.
Not exact matches
New York state's highest court struck a blow Monday for home rule and against fracking, deciding that municipalities can use zoning laws to ban the natural - gas
extraction method that has
fueled a U.S. energy boom.
The recent boom in new
methods for fossil
fuel extraction is adding to the demand for petroleum scientists.
Fluid injection can occur with conventional oil and gas
extraction methods, which extract
fuel from underground pools, and with unconventional
methods like fracking, which recover oil and gas from small voids in rocks.
Since the peak of crude oil production a decade ago, the fossil
fuel industry has been forced to resort to costly and unconventional
methods of
extraction — arctic drilling and shale gas fracking among them — giving rise to unprecedented economic and environmental hazards.
While their influence and profits are still enormous, we can see from increasing shifts to unconventional
extraction methods — hydraulic fracturing, deepwater drilling, tar sands mining, and other examples — that easily accessible fossil
fuels are dwindling.