Skip Montreux and Dez Morgan discuss the economic benefits of shale oil and the controversial drilling technique of fracking.
Skip: Hello everyone. Skip Montreux here. Thanks for joining us on Down to Business English today.
Dez: Yes, welcome back listeners, I hope everyone is well. How is life treating you Skip?
Skip: Me? Oh not so bad. I’ve been dealing with a few issues in my office which have caused some minor setbacks recently, but essentially I am good. How about you Dez? How is family life treating you?
Dez: Well, thanks for asking. Well, the big news here is Roxie and I have just bought a flat in Scotland.
Skip: Nice! Congratulations.
Dez: Thanks Skip. But unfortunately this investment will be taking most of our salaries for the next 20 years.
Skip: That is if you are still around in 20 years. You don’t lead the healthiest of lifestyles Dez.
Dez: That is certainly a consideration but I imagine the world will be a very different place by then.
Skip: It most definitely will.
Dez: I wonder if we’ll all be driving around in self-controlled electric flying cars, living in solar heated and cooled apartments that are floating in the clouds, and if everyone will have a computers strapped to their wrists that are more powerful than a supercomputer today?
Skip: Actually, with the advances in technology over the last 20 years, that scenario doesn’t sound too far off. But I am sure that fossil fuels will continue to play a big part in our lives for the foreseeable future, especially now with the recent discoveries of shale oil in the US.
Dez: Maybe. I still prefer my version though. Anyway Skip is that our story for today, shale oil?
Skip: Well partly. Today we’ll be talking not only about shale oil and the countries with the biggest reserves but also we’ll be taking a look at the advent of a new oil drilling technique known as fracking, as well as how all of this will affect the energy markets moving into into the future.
Dez: Okay, lets do it. Let’s get D2B…Down to Business with…with that list of topics that Skip just rattled off.