A new book should be at the top of the reading list for everyone in the industry. It's entitled The Green and the Black, The Complete Story of the Shale Revolution, the Fight over Fracking, and the Future of Energy, by Gary Sernovitz, a managing director of an oil and gas private equity firm in New York City. Since President Obama's rejection of the Keystone pipeline last November, opposition to proposed infrastructure projects, especially pipelines, is mounting through well-financed and well-organized efforts by the environmental lobby. April 18-22 was a very discouraging week as Kinder Morgan threw in the towel on its Northeast Direct (NED) project and New York State denied Constitution Pipeline's request for a water permit after letting it linger for 18 months.
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