Skip Montreux and Dez Morgan discuss the economic benefits of shale oil and the controversial drilling technique of fracking.

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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.

Visit the Down to Business English website to download the complete FREE audio script of today’s episode.