As the new formations take shape, all but the biggest, or the most specialised, financial institutions face an uncertain future.
The secular forces of new family formations run at over one million a year.
Eventually, new family formations bail you out as a secular demand force.
Recently, though, fracking has presented the promise of substantially inreasing our domestic energy supply by opening up new shale formations previously thought to be impossible to produce.
Moreover, even in the past few years, new mini-formations are visible.
Many U.S. producers of natural gas are working to develop massive new reserves in geologically tricky shale formations.
When natural-gas prices followed the rise in oil earlier this decade, exploration companies used new methods to get at gas trapped in shale formations from Texas to Pennsylvania.
The invention of new ways to extract gas and oil out or shale formations means we now have hundreds of years of supplies of low cost, clean burning natural gas.
FORBES: Translating President Obama's Inaugural Speech: Methodically Trashing Individual Liberty
Mining executives say that while they chuckle about the quirks of older geologists, they recognize the business value of their memory of previous exploratory work, their grasp of complex rock formations and their discipline in knowing how to meticulously chart new territory.
WSJ: In Geology, Old-Timers Can Be Worth Their Weight in Gold
Now that it appears that the homebuilders are completing their daily top formations, we can start to target the price levels for new buying.
Meanwhile, back in North America, new techniques were being developed to extract oil and natural gas from shale formations deep underground, from tar sands in Canada, and from deep water in the Gulf of Mexico.
But XTO, with a smaller capital structure than the supermajors', is happy to invest in the neglected fields, using new techniques of 3-D imaging, horizontal drilling and so-called fracture stimulation--blowing open rock formations by injecting mudlike fluids down wells to get at big methane reservoirs.
应用推荐