5 days ago
AI turbocharges US hunt for minerals, fossil fuels
Artificial intelligence could be the new shale revolution.
Just as fracking opened up new deposits of oil and gas, AI is turbocharging the hunt for fossil fuels and minerals, helping energy companies quickly map and find new areas to drill and mine.
'This is a massively powerful tool,' said Akash Sharma, senior director of product innovation and management at Enverus, an energy technology company. 'We are on the verge of the next productivity boom in civilization.'
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The fast-moving technology can speed through massive datasets used in the energy industry much quicker than earlier methods, potentially allowing for faster examinations of new areas and quicker build-outs of new wells, experts told POLITICO's E&E News. AI is also super-charging the mapping of the United States' mineral resources — from the arid West to ocean bottoms — not to mention geothermal and environmental monitoring.
