Dive Summary:

• U.S. fracking dominates the unconventional gas drilling business worldwide, making America the “Saudi Arabia of natural gas and oil,” said Exelon corporate strategist William Von Hoene at Friday’s Energy Forward conference in Chicago.
• Despite massive shale gas reserves in China, Great Britain, Argentina and other nations, fracking industries abroad struggle to gain popularity due to issues with regulation, infrastructure, property and mineral rights, water resources, and expertise.
• Fracking has unlocked so much shale gas in America, the U.S. sells its natural gas globally, resulting in gas price instability worldwide.
   

From the article:
“‘We weren’t just good at finding natural gas, we were great at finding natural gas, and so we’ve got a glut,’ said Dan Pickering of the Houston-based energy investment firm Tudor, Pickering, Holt & Co.

Thanks to the glut, drilling for gas is no longer profitable in the U.S. or overseas. The U.S. has stopped importing gas and started exporting gas and the coal it no longer needs, which has crushed prices worldwide, making unconventional drilling practices less attractive to prospectors abroad.”