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US dominates the global shale gas market

TransWorldNews -- The shale gas industry has seen significant growth in the North American market changing the dynamics of natural gas trading in the region. The combination of horizontal drilling and hydraulic fracturing to extract gas from low permeability rock sources has presented a major new energy source, which has significantly reduced the need for natural gas imports to the US. Nations across the world are now looking at the possibility of tapping into this resource to supplement domestic gas consumption or even for export. As a consequence, the value of the global shale gas market in 2012 will reach $36.95 bn.

The shale gas market is currently dominated by the US as this is where the methodology to develop shale was pioneered. The US also a number of favourable characteristics that have helped


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Submitted Jul 30, 2012 By: aservant
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Author Topic: US dominates the global shale gas market Back to Topics
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goldrose1
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Message Posted: Aug 1, 2012 3:51:55 PM

innovation
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LetemEatCake
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Message Posted: Jul 31, 2012 11:24:59 PM


Interrelating article Aservant....thanks for posting!
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crazycow2332
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Message Posted: Jul 31, 2012 6:36:58 PM

ok
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sparky808
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Message Posted: Jul 31, 2012 12:18:05 PM

Thank you for posting.
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dudleydolittle
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Message Posted: Jul 31, 2012 7:05:03 AM

I think it still dangerous.
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dylan126
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Message Posted: Jul 31, 2012 7:03:31 AM

what do you really think?
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remay
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Message Posted: Jul 31, 2012 5:38:58 AM

Sooooo ?
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MAC48
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Message Posted: Jul 30, 2012 11:37:50 PM

The obvious question not addressed in this article is whether on not the shale gas regions not in North America can be exploited in an economically justifiable manner using current technology. We know that a large percent of the shale gas deposits in North America can and will be extracted with current technology but the economics of extraction will determine if the current shale gas extraction methods will be applied in the rest of the worlds shale gas deposits.
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Bezalel
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Message Posted: Jul 30, 2012 11:36:06 PM

They burned gas off at oil wells here for over 50 years. I hope they are capturing it now. At least they could run a turbine and make electricity.
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MAC48
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Message Posted: Jul 30, 2012 11:35:42 PM

The obvious question not addressed in this article is whether on not the shale gas regions not in North America can be exploited in an economically justifiable manner using current technology. We know that a large percent of the shale gas deposits in North American can and will be extracted with current technology but the economics of extraction will determine if the current shale gas extraction methods will be applied in the rest of the worlds shale gas deposits.
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crreed1
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Message Posted: Jul 30, 2012 11:17:40 PM

they will make more exporting
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rahcat
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Message Posted: Jul 30, 2012 11:14:55 PM

It is good to be the dominator!
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boatfloyd
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Message Posted: Jul 30, 2012 11:11:36 PM

How much Fracking can this world take?
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pastorpaulcg
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Message Posted: Jul 30, 2012 11:11:25 PM

Ok
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DandyDapple
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Message Posted: Jul 30, 2012 11:10:27 PM

...
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tedjm1
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Message Posted: Jul 30, 2012 11:09:57 PM

But what will they do with it?
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jkpsr
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Message Posted: Jul 30, 2012 11:09:30 PM

I wonder how long it will take the rest of the world to start using fracking?
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gocatgo
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Message Posted: Jul 30, 2012 11:08:07 PM

The big question is what percentage will go overseas?
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LetemEatCake
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Message Posted: Jul 30, 2012 11:07:19 PM


Nicely said Jrsva! Agree! We will run out of drinking water here in OK far sooner than you will in Virginia.
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regout
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Message Posted: Jul 30, 2012 11:07:03 PM

Ok.
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Bubba44612
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Message Posted: Jul 30, 2012 11:06:16 PM

Short term solution, bring on hydrogen power.
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bluegrasser1
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Message Posted: Jul 30, 2012 11:06:10 PM

ok
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steve621
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Message Posted: Jul 30, 2012 11:05:13 PM

ure will
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SparkieMi
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Message Posted: Jul 30, 2012 11:05:03 PM

Time will tell!!!!
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ssect8
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Message Posted: Jul 30, 2012 11:04:57 PM

Sounds good, but wait until the greenies and obama the dictator put a stop to it.
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Rednix
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Message Posted: Jul 30, 2012 11:04:43 PM

Other countries will follow.
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jwalkerh
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Message Posted: Jul 30, 2012 11:01:08 PM

For now but for how long?
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SparkieMi
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Message Posted: Jul 30, 2012 10:59:17 PM

Good post by goodbuy....
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n3tbc
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Message Posted: Jul 30, 2012 10:57:47 PM

ok
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jrsva
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Message Posted: Jul 30, 2012 10:52:41 PM


Does this mean that we will soon be importing potable water in order to replace that resource after contamination with the toxic chemicals inexplicably allowed to be used in fracking?
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goodbuy
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Message Posted: Jul 30, 2012 10:52:24 PM

Don't worry. In a couple of years we will sell it to China.
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mrbee
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Message Posted: Jul 30, 2012 10:51:46 PM

Of course we do.
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pgerassi
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Message Posted: Jul 30, 2012 10:51:03 PM

LNG is much safer than CNG. And methane hydrate is even safer still.
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Message Posted: Jul 30, 2012 10:47:02 PM

How much more thinking does it take for big oil and the auto industry to figure out that the way forward is CNG.
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Message Posted: Jul 30, 2012 10:46:30 PM

nice.
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hmm
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Yup.
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OK
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Message Posted: Jul 30, 2012 10:38:51 PM

The Dakotas' economies are booming right now. Nothing like the rest of the US.
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ok
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Ok
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ANDDDDDDDDDDDDDDDDDDDDDDD!!!!!!!!.
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So?!
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Focus2
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Message Posted: Jul 30, 2012 10:34:03 PM

which has significantly reduced the need for natural gas imports to the US. Nations across the world are now looking at the possibility of tapping into this resource to supplement domestic gas consumption or even for export."

I didn't know we imported natural gas to the US.

Big Oil is excited about all the gas find, as they see all the dollars come in for exporting it around the world in the form of liquefied natural gas.
One outfit in the Gulf region has obtained permits to export it from our government with others applying also. Will there be any left for the auto industry? There still in not much talk or interest in going that direction! I think it would have a direct affect on gasoline sold at over $3 a gallon and it might put an end to ethanol, unless the mandates keep that business going and it is all exported too. That would be a shame to hi-jack our food supply for fuel for the rest of the world.
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300kmiles
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Message Posted: Jul 30, 2012 10:33:47 PM

Technology baby!
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Buddy2264
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Message Posted: Jul 30, 2012 10:33:12 PM

At the price maybe of ruining all our water and not having any more space to store it. And I understand methane production with natural gas is a problem. But we should also capture that and burn it too. They do in other countries. Yet where oil is produced like in North Dakota, they just burn the gas off, such a waste. We waste so many of our good resources.
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mstearno
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Message Posted: Jul 30, 2012 10:32:50 PM

we should
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menagerie1013
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Message Posted: Jul 30, 2012 10:31:39 PM

The US dominates and has overrun a market into the ground.
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danreino
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Message Posted: Jul 30, 2012 10:31:14 PM

Eliminate trading of North American oil from locales such as The Cayman Islands, The Bahamas and Hong Kong. Terminate the London I.C.E
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camaro_man
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Message Posted: Jul 30, 2012 10:27:16 PM

wow
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