The view from Europe: America’s shale boom looks more like a blip

The fracking boom has progressed at breakneck speed across the U.S., with roughly one in 20 Americans now living within a mile of a well drilled since 2000. So, how much has the economy benefitted from this drilling surge? Not much, according to a report presented to the European Union Parliament last month, which found "no evidence that shale gas is driving an overall manufacturing renaissance in the US.”