February 19, 2016 – NGI’s Shale Daily
Dominoes Toppled to Create Shale Revolution, and More to Fall, Says Braziel
By: Carolyn Davis
The unconventional natural gas and oil revolution in North America has been less a random series of fortuitous events and more a cascading set of circumstances that has created a new world order for energy markets and upended the global economic outlook, according to industry guru Rusty Braziel.
Braziel lays out his theory in a new book, "The Domino Effect: How the Shale Revolution Is Transforming Energy Markets, Industries, and Economics," published by NTA Press and available on Amazon.com. Originally designed for an energy-centric audience, the book takes the reader on a fascinating and winding journeywith Braziel, who has spent his life working in all the relevant segments of the oil and gas industry. It describes the revolution that appeared to spring out of nowhere to transform the energy world with the fortunate marriage of two separate developments, horizontal drilling and hydraulic fracturing. Weather also had a part to play, withthe hurricanes in 2005 that sent prices soaring and producers pouring their talents and money into unconventional drilling.
Braziel brings together the factors that first transformed the natural gas markets, then moved into natural gas liquids (NGL) and finally the crude oil markets, an enjoyable ride that thoroughly explains how the United States has led the way and what may happen in the years ahead. The end result for each commodity is a cyclical market basically following the pattern set by the natural gas market over the past six years.
"My experience is that a lot of times, the folks that are getting involved in one segment of the business don't really know what's going on in the other segment of the business," Braziel said in an interview with NGI. "My main goal was to spread the information around so that people who understand one segment can understand how the rest of the segments tie it all together."
The book is attracting an audience beyond the energy sector, drawn to by people who want to know why prices are low and when they will rise. It dawned on Braziel that the little boxes he was using in PowerPoint presentations for energy conferences to explain the history of the shale transformation looked like dominoes. That lightbulb moment brought into context how the massive changes have occurred -- and will continue to occur.
Read the full article here: http://www.naturalgasintel.com/articles/105403-dominoes-toppled-to-create-shale-revolution-and-more-to-fall-says-braziel
