Policy Punchline
Chesapeake Bankruptcy: How the Fracking Trailblazer Ignited the American Energy Revolution
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:15:00
- More information
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Synopsis
In late June 2020, Covid-19 claimed one of the largest giants in the energy industry: Chesapeake Energy. Chesapeake is a leader in the fracking industry that had been on the rocks for a few years now. In this episode, we detail the rapid rise of the fracking industry with Russell Gold, WSJ senior energy reporter in Texas. Gold’s first book, "The Boom: How Fracking Ignited the American Energy Revolution and Changed the World," documents the invention of hydraulic fracturing in 1974, how it is both a threat and a godsend for the environment, and how it led the revival of manufacturing in the United States. We also discuss Gold’s second book, "Superpower: One Man's Quest to Transform American Energy," in which he discusses renewable energies and focuses on the legendary figure Michael Skelly, who used his Harvard Business School contacts to create impressive companies. The midwest can produce the most amount of renewable energies because of the cheap land and suitable climate, so Skelly’s vision was to build