The Aussies have some promising geology, but lack practically every other metric that contributed to the success of the US shale revolution: abundant water, proximity to cities and infrastructure, deep labor pool, fast-moving regulators, and favorable mineral rights for landowners. That last one is the big one, because without that monetary incentive for landowners…what’s motivating anyone?

There are some other countries that have a better shot at replicating the US shale boom. Argentina already holds the second-largest shale industry. Mexico and Canada have the shale resources, but their industries are so tied to American infrastructure and markets that the US would have to help.

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