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The Green and the Black: The Complete Story of the Shale Revolution, the Fight over Fracking, and the Future of Energy
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St. Martin's Publishing Group 2016
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Description

Gary Sernovitz leads a double life. A typical New York liberal, he is also an oilman - a fact his left-leaning friends let slide until the word "fracking" entered popular parlance. "How can you frack?" they suddenly demanded, aghast. But for Sernovitz, the real question is, "What happens if we don't?"

Fracking has become a four-letter word to environmentalists. But most people don't know what it means. In his fast-paced, funny, and lively book, Sernovitz explains the reality of fracking: what it is, how it can be made safer, and how the oil business works.

He also tells the bigger story. Fracking was just one part of a shale revolution that shocked our assumptions about fueling America's future. The revolution has transformed the world with consequences for the oil industry, investors, environmentalists, political leaders, and anyone who lives in areas shaped by the shales, uses fossil fuels, or cares about the climate - in short, everyone. Thanks to American engineers' oilfield innovations, the United States is leading the world in reducing carbon emissions, has sparked a potential manufacturing renaissance, and may soon eliminate its dependence on foreign energy. Once again the largest oil and gas producer in the world, America has altered its balance of power with Russia and the Middle East.

Yet the shale revolution has also caused local disruptions and pollution. It has prolonged the world's use of fossil fuels. Is there any way to reconcile the costs with the benefits of fracking?

To do so, we must start by understanding fracking and the shale revolution in their totality. The Green and the Black bridges the gap in America's energy education. With an insider's firsthand knowledge and unprecedented clarity, Sernovitz introduces readers to the shales - a history-upturning "Internet of oil" - tells the stories of the shale revolution's essential characters, and addresses all the central controversies. To capture the economic, political, and environmental prizes, we need to adopt a balanced, informed perspective. We need to take the green with the black. Where we go from there is up to us.

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Format:
Adobe EPUB eBook, Kindle Book, OverDrive Read
Street Date:
02/23/2016
Language:
English
ISBN:
9781466892576
ASIN:
B012N6FJDG
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APA Citation (style guide)

Gary Sernovitz. (2016). The Green and the Black: The Complete Story of the Shale Revolution, the Fight over Fracking, and the Future of Energy. St. Martin's Publishing Group.

Chicago / Turabian - Author Date Citation (style guide)

Gary Sernovitz. 2016. The Green and the Black: The Complete Story of the Shale Revolution, the Fight Over Fracking, and the Future of Energy. St. Martin's Publishing Group.

Chicago / Turabian - Humanities Citation (style guide)

Gary Sernovitz, The Green and the Black: The Complete Story of the Shale Revolution, the Fight Over Fracking, and the Future of Energy. St. Martin's Publishing Group, 2016.

MLA Citation (style guide)

Gary Sernovitz. The Green and the Black: The Complete Story of the Shale Revolution, the Fight Over Fracking, and the Future of Energy. St. Martin's Publishing Group, 2016. Web.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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      • bioText: Gary Sernovitz is a managing director at Lime Rock, an oil- and gas-focused private equity firm. He began his career as an oil equity research analyst at Goldman Sachs. He has written two novels, Great American Plain(2001) and The Contrarians (2002), as well as essays and reviews for The New York Times, The Wall Street Journal, n +1, and Slate, among others. A native of Milwaukee, Wisconsin, he lives in New York City with his wife.
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The Green and the Black
fullDescription

Gary Sernovitz leads a double life. A typical New York liberal, he is also an oilman - a fact his left-leaning friends let slide until the word "fracking" entered popular parlance. "How can you frack?" they suddenly demanded, aghast. But for Sernovitz, the real question is, "What happens if we don't?"

Fracking has become a four-letter word to environmentalists. But most people don't know what it means. In his fast-paced, funny, and lively book, Sernovitz explains the reality of fracking: what it is, how it can be made safer, and how the oil business works.

He also tells the bigger story. Fracking was just one part of a shale revolution that shocked our assumptions about fueling America's future. The revolution has transformed the world with consequences for the oil industry, investors, environmentalists, political leaders, and anyone who lives in areas shaped by the shales, uses fossil fuels, or cares about the climate - in short, everyone. Thanks to American engineers' oilfield innovations, the United States is leading the world in reducing carbon emissions, has sparked a potential manufacturing renaissance, and may soon eliminate its dependence on foreign energy. Once again the largest oil and gas producer in the world, America has altered its balance of power with Russia and the Middle East.

Yet the shale revolution has also caused local disruptions and pollution. It has prolonged the world's use of fossil fuels. Is there any way to reconcile the costs with the benefits of fracking?

To do so, we must start by understanding fracking and the shale revolution in their totality. The Green and the Black bridges the gap in America's energy education. With an insider's firsthand knowledge and unprecedented clarity, Sernovitz introduces readers to the shales - a history-upturning "Internet of oil" - tells the stories of the shale revolution's essential characters, and addresses all the central controversies. To capture the economic, political, and environmental prizes, we need to adopt a balanced, informed perspective. We need to take the green with the black. Where we go from there is up to us.

reviews
      • premium: True
      • source: Publisher's Weekly
      • content:

        January 4, 2016
        A much-maligned energy technology gets a thorough vetting in this sharp-eyed, wised-up primer. Sernovitz, a novelist (Great American Plain) and executive at a hydrocarbon-focused private equity firm, explores from several angles the revolution in hydraulic fracturing, aka fracking, that has unlocked huge deposits of American oil and gas. He argues that these advances will boost energy supplies and lower prices, wrestles with environmental impacts (the ballyhooed threat to groundwater, he concludes, is virtually nil, while problems with surface contamination, noise, and obnoxiousness are real but manageable), and notes that using fracked gas has substantially lowered U.S. carbon emissions. He also discusses recent collapses in both natural gas and oil prices, as well as the effect of fracking on Canadian tar sands. Sernovitz revels in the entertainment value of the fracking boom, with its manic drill-or-die entrepreneurs, dogged engineers steadily improving the art, euphoric land rushes, and frantic retreats. He has pointed opinions and a sardonic wit, but his evenhanded treatment—he discloses his own biases and stake in the industry—debunks both the hype and the panic. Sernovitz’s deep insider’s knowledge and scintillating prose make this one of the best treatments of this very contentious subject. Agent: Gillian Mackenzie, Gillian Mackenzie Agency.

      • premium: True
      • source: Kirkus
      • content:

        December 15, 2015
        An account of the boom in oil and gas production in the United States. Sernovitz, managing director of Lime Rock, a private equity firm focusing on the oil and gas industry, a novelist (The Contrarians, 2002, etc.), and a journalist, calls this boom "the shale revolution." At work, he writes, his job is to convince investors to put their money into that industry; with this book, he hopes to educate readers about the realities and the possibilities of the revolution. He takes both a close-up view and a broad one, looking at challenges from local, national, and global perspectives as well as the financial considerations. Drilling for gas and oil, Sernovitz acknowledges, is "loud, dirty, and complicated," and "the shale revolution...is causing the world to double down on fossil fuels," a serious problem for a planet facing climate change. On the positive side, he writes, the revolution is lowering America's carbon dioxide emissions, creating jobs, freeing us from foreign dependency, and improving lives by spreading cheaper energy everywhere. The author pays close attention to fracking, explaining clearly just what it is and what it is not (when done properly), and he takes to task the 2010 documentary film;Gasland for alarming the public about its hazards. Sernovitz, who writes with flair, humor, and assurance, includes some recent history of the industry, some big personalities, a little technology and geology, arguments of environmentalists (the "Green" of the title) and of oilmen ("Black"), and a wealth of statistics. While the bulk of the book is essentially a song of praise for the shale revolution, the final chapter, "Conclusions," indicates that there are still problems to be solved and questions to be answered. An insider's cheerful, energetic examination of an industry that has changed dramatically in the last decade.

        COPYRIGHT(2015) Kirkus Reviews, ALL RIGHTS RESERVED.

      • premium: True
      • source: Booklist
      • content:

        February 1, 2016
        Sernovitz, managing director at an oil-and-gas private equity firm, shares his inside perspective on the controversial shale oil industry. During the past decade, thanks to many small but important technological advances, the extraction of fossil fuels from low-permeability rocks (fracking) ushered the U.S. into a fossil fuel renaissance, lowering prices, stimulating our economy, and changing our international political landscape. The new abundance of oil and gas has lead to the decline of coal, too, helping us cut carbon emissions by impressive amounts. Sernovitz writes passionately, even lovingly of the industrythe remarkable human ingenuity constantly at play, the American-dream tenacity of its leadersa surprising point of view for those mired in doomsday rhetoric. But a tendency to rant and clunky humor slow the narrative, and readers who question the capitalism as a moral good imperative may feel that Sernovitz too quickly resolves some of the more difficult dilemmas. Ultimately, The Green and the Black is more black than green, but it offers a necessary perspective all the same.(Reprinted with permission of Booklist, copyright 2016, American Library Association.)

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shortDescription

Gary Sernovitz leads a double life. The prototypical New York liberal, he is also an oilman - a fact his left-leaning friends let slide until the word "fracking" entered popular parlance. "How can you frack?" they suddenly demanded, aghast. But for Sernovitz, the real question is, "How can we not?"

Fracking has become a four-letter word: an effigy to be burned by anyone who claims to care about the environment. But most people don't know what it means. For the first time in one book, Sernovitz explains the reality of fracking: how it can be made safer; how the oil business works; how a small change in extraction techniques shocked our assumptions about fueling the future. When we criticize fracking, what we're really criticizing is the shale revolution. And while we're right to question the safety of drilling for natural gas, we're wrong to ignore all the good that gas enables. If we lived in a perfect world, our lives would run cleanly on wind and solar power. But we...

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