China wants to frack, too. Developing shale reserves would help cut the country’s choking coal pollution and dependence on gas imports. China already has everything it needs: little public backlash, a hungry energy market and reserves that are estimated to be double those of the U.S.
So will China frack the pants off the U.S.? Probably not any time soon. The country still lacks the technological expertise, and complex geography has slowed its ambitions.
Still, if China gets its fracking act together, any new U.S. export facilities may look like a really bad investment.