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Super PAC Men: How political consultants took a Fort Worth oilman on a wild ride

The head of a Texas oil dynasty joined the parade of wealthy political donors, aiming to flip the Senate to Republicans. By the time consultants were done with him, the war chest was drained and fraud allegations were flying

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Bon Appétit: New French restaurant dishes out the finest in Fort Worth

Barely open six months, Le Cep, a contemporary French restaurant proffering fine dining, is stirring up Fort Worth’s culinary scene.

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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Bombay Co.'s former HQ building purchased

The Bombay Co.’s former Fort Worth headquarters building has been sold, with private equity fund Diversified International Partners snapping up the seven-story, 122,828-square-foot structure at 550 Bailey St.

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Latin-inspired restaurant set to open in downtown Fort Worth

Downtown Fort Worth’s dining scene is about to get spicier with the opening of a new restaurant featuring Latin-inspired coastal cuisine.

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U.S. energy boom could go global

Alanna Petroff

LONDON (CNNMoney) -- The U.S. energy boom could go global.

Energy consultant IHS has identified 23 locations around the world -- from Argentina to West Siberia -- that could together hold roughly 175 billion barrels in recoverable oil, far surpassing the 43 billion barrels estimated to be sitting in North America.

The IHS report highlights the Vaca Muerta area in Argentina and North Africa as two regions with huge reserves of tight oil -- or shale oil -- typically extracted using a process known as fracking.

"This study makes clear that the potential for global tight oil is there and that it is very, very large," said IHS research director Jan Roelofsen.

The energy boom playing out in the U.S. has been driven by companies extracting this kind of oil using fracking -- or hydraulic fracturing -- which involves injecting water, sand and chemicals deep into the ground at high pressure to crack rock and allow oil and gas to flow.

Growth in the fracking industry has helped propel the U.S. out of recession and is reshaping the global oil market as the U.S. becomes less dependent on imports.

But it is a controversial field, with some fearing that fracking contaminates ground water and leads to small earthquakes and tremors. However, many other countries are hoping to jump on the fracking bandwagon to expand their energy production capacity and grow their economies.

Experts say it will take years for other nations to replicate America's energy success. Regulations, restrictions on access to land and the need to conduct extensive testing can slow progress, and it can be difficult and expensive to hire specialized employees and secure equipment.

"Outside of North America, China, Argentina and maybe Poland, most of these resources will not be contributing to global supply until after 2020," said Will Pearson, Eurasia Group's director of global energy and natural resources.

The IHS report examined a total of 148 sites around the world and estimates that these sites could yield nearly 300 billion barrels in tight oil. The study used geological data and comparisons to U.S. sites to create its estimates.

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