Technological innovation essential for shale revolution

Shale Gas Revolution and many times since the 20th century, major technological advances that changed the world all have the same or similar pattern: technological innovation and business model innovation to attract a lot of money, innovation and interaction of the capital will soon be emerging industries to the extreme and the formation of bubbles. Investors inevitably grad, has earned pours,Fracturing proppant but also did not lose the pants also. Major new industries to promote social progress and has a huge role in the whole world thus benefiting the whole human race.

Needless to say, technological innovation, the country's revenue is greatest. This is why all countries agree that innovation is the national and social development in the area.

I do not think shale gas revolution is a hoax, but do not agree with is the field of shale gas revolution "conspiracy." The last century, the IT revolution has profoundly changed society, but also continue to change. Recall how many famous IT companies in this process is gone, many investors go bankrupt due to various reasons, but the benefit of society as a whole, has improved.

Modern social capital is not a panacea, but there will be no capital to promote industrial revolution. U.S. shale gas revolution is difficult to be replicated in other countries, but the combination of innovation and capital mode of interaction is of universal significance.Proppant China tens of billions of funds into U.S. shale gas business, he explains China's capital has the same profit-driven, the other hand shows the upstream oil and gas business in the U.S. capital inflows and outflows in convenience. In contrast, the Chinese oil and gas upstream business, whether profit-driven nature of capital or liquidity constraints are also considerable.

Unconventional oil and gas on the significance of China's economic development can not be overemphasized how. The technique used to add their own practice to master KNOWHOW difficult,ceramic proppant innovative business models and attracting large-scale entry of global capital is still our system bottleneck. Only further deepen reform and institutional innovation can we dare possible to achieve China's shale gas revolution.