Barney Jopson visits the once sleepy town of Carrizo Springs in Texas, transformed into a hive of activity thanks to the boom in shale oil and gas. He hears about the good and bad the industry has brought and reports on how the oil price is threatening the economy.
Read the global perspective on world events
Click here for more FT World videos
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k