Over the past decade, a wave of drilling around the world has uncovered giant supplies of natural gas in shale rock. By some estimates, there's 1,000 trillion cubic feet recoverable in North America alone—enough to supply the nation's natural-gas needs for the next 45 years. Europe may have nearly 200 trillion cubic feet of its own.This upsets those who have dreams of forcing everyone to have a lower standard of living.
We've always known the potential of shale; we just didn't have the technology to get to it at a low enough cost. Now new techniques have driven down the price tag—and set the stage for shale gas to become what will be the game-changing resource of the decade.
Tuesday, May 11, 2010
Shale Gas Will Rock the World : Huge discoveries of natural gas promise to shake up the energy markets and geopolitics.
The Wall Street Journal reports: