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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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goldrose1 Champion Author Cleveland Posts:10,944 Points:1,926,515 Joined:Feb 2005	Message Posted: Aug 1, 2012 3:51:55 PM Ignore goldrose1 Report Abuse innovation
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,206,355 Joined:Mar 2008	Message Posted: Jul 31, 2012 11:24:59 PM Ignore LetemEatCake Report Abuse Interrelating article Aservant....thanks for posting!
crazycow2332 Champion Author Nashville Posts:1,217 Points:255,080 Joined:May 2010	Message Posted: Jul 31, 2012 6:36:58 PM Ignore crazycow2332 Report Abuse ok
sparky808 Champion Author Honolulu Posts:3,008 Points:599,685 Joined:Sep 2011	Message Posted: Jul 31, 2012 12:18:05 PM Ignore sparky808 Report Abuse Thank you for posting.
dudleydolittle Champion Author Cleveland Posts:4,435 Points:593,020 Joined:Sep 2011	Message Posted: Jul 31, 2012 7:05:03 AM Ignore dudleydolittle Report Abuse I think it still dangerous.
dylan126 Champion Author Cleveland Posts:4,435 Points:596,845 Joined:Sep 2011	Message Posted: Jul 31, 2012 7:03:31 AM Ignore dylan126 Report Abuse what do you really think?
remay Champion Author Houston Posts:6,968 Points:2,118,365 Joined:May 2006	Message Posted: Jul 31, 2012 5:38:58 AM Ignore remay Report Abuse Sooooo ?
MAC48 Champion Author Dallas Posts:1,549 Points:767,755 Joined:Dec 2006	Message Posted: Jul 30, 2012 11:37:50 PM Ignore MAC48 Report Abuse 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.
Bezalel Champion Author Oklahoma City Posts:12,103 Points:2,291,745 Joined:Oct 2006	Message Posted: Jul 30, 2012 11:36:06 PM Ignore Bezalel Report Abuse 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.
MAC48 Champion Author Dallas Posts:1,549 Points:767,755 Joined:Dec 2006	Message Posted: Jul 30, 2012 11:35:42 PM Ignore MAC48 Report Abuse 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.
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: Jul 30, 2012 11:17:40 PM Ignore crreed1 Report Abuse they will make more exporting
rahcat Champion Author Grand Rapids Posts:2,473 Points:663,925 Joined:Jan 2010	Message Posted: Jul 30, 2012 11:14:55 PM Ignore rahcat Report Abuse It is good to be the dominator!
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Jul 30, 2012 11:11:36 PM Ignore boatfloyd Report Abuse How much Fracking can this world take?
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jul 30, 2012 11:11:25 PM Ignore pastorpaulcg Report Abuse Ok
DandyDapple All-Star Author North Dakota Posts:715 Points:311,570 Joined:Sep 2008	Message Posted: Jul 30, 2012 11:10:27 PM Ignore DandyDapple Report Abuse ...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 30, 2012 11:09:57 PM Ignore tedjm1 Report Abuse But what will they do with it?
jkpsr Champion Author New Jersey Posts:4,084 Points:1,102,880 Joined:Jun 2005	Message Posted: Jul 30, 2012 11:09:30 PM Ignore jkpsr Report Abuse I wonder how long it will take the rest of the world to start using fracking?
gocatgo Champion Author South Carolina Posts:15,658 Points:2,530,555 Joined:Apr 2006	Message Posted: Jul 30, 2012 11:08:07 PM Ignore gocatgo Report Abuse The big question is what percentage will go overseas?
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,206,355 Joined:Mar 2008	Message Posted: Jul 30, 2012 11:07:19 PM Ignore LetemEatCake Report Abuse Nicely said Jrsva! Agree! We will run out of drinking water here in OK far sooner than you will in Virginia.
regout Champion Author Quebec Posts:2,960 Points:833,680 Joined:May 2010	Message Posted: Jul 30, 2012 11:07:03 PM Ignore regout Report Abuse Ok.
Bubba44612 Champion Author Ohio Posts:7,401 Points:1,878,055 Joined:Aug 2005	Message Posted: Jul 30, 2012 11:06:16 PM Ignore Bubba44612 Report Abuse Short term solution, bring on hydrogen power.
bluegrasser1 Champion Author Richmond Posts:15,938 Points:2,616,595 Joined:Sep 2005	Message Posted: Jul 30, 2012 11:06:10 PM Ignore bluegrasser1 Report Abuse ok
steve621 Champion Author Wilmington Posts:2,002 Points:2,109,155 Joined:Aug 2004	Message Posted: Jul 30, 2012 11:05:13 PM Ignore steve621 Report Abuse ure will
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Jul 30, 2012 11:05:03 PM Ignore SparkieMi Report Abuse Time will tell!!!!
ssect8 Champion Author Hartford Posts:7,999 Points:2,094,495 Joined:Jun 2006	Message Posted: Jul 30, 2012 11:04:57 PM Ignore ssect8 Report Abuse Sounds good, but wait until the greenies and obama the dictator put a stop to it.
Rednix Champion Author Miami Posts:6,158 Points:1,276,485 Joined:Jul 2009	Message Posted: Jul 30, 2012 11:04:43 PM Ignore Rednix Report Abuse Other countries will follow.
jwalkerh Champion Author Louisiana Posts:6,135 Points:1,369,130 Joined:Oct 2008	Message Posted: Jul 30, 2012 11:01:08 PM Ignore jwalkerh Report Abuse For now but for how long?
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: Jul 30, 2012 10:59:17 PM Ignore SparkieMi Report Abuse Good post by goodbuy....
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: Jul 30, 2012 10:57:47 PM Ignore n3tbc Report Abuse ok
jrsva Champion Author Virginia Posts:9,857 Points:1,613,225 Joined:Jan 2006	Message Posted: Jul 30, 2012 10:52:41 PM Ignore jrsva Report Abuse 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?
goodbuy Champion Author Michigan Posts:7,673 Points:1,422,805 Joined:May 2005	Message Posted: Jul 30, 2012 10:52:24 PM Ignore goodbuy Report Abuse Don't worry. In a couple of years we will sell it to China.
mrbee Champion Author Little Rock Posts:3,759 Points:2,466,805 Joined:Oct 2005	Message Posted: Jul 30, 2012 10:51:46 PM Ignore mrbee Report Abuse Of course we do.
pgerassi Champion Author Milwaukee Posts:10,901 Points:2,132,580 Joined:Apr 2007	Message Posted: Jul 30, 2012 10:51:03 PM Ignore pgerassi Report Abuse LNG is much safer than CNG. And methane hydrate is even safer still.
FuelishGuy All-Star Author Edmonton Posts:796 Points:926,310 Joined:Oct 2008	Message Posted: Jul 30, 2012 10:47:02 PM Ignore FuelishGuy Report Abuse How much more thinking does it take for big oil and the auto industry to figure out that the way forward is CNG.
svspyda Champion Author San Jose Posts:1,678 Points:340,935 Joined:May 2012	Message Posted: Jul 30, 2012 10:46:30 PM Ignore svspyda Report Abuse nice.
Mustache_33 All-Star Author Toronto Posts:900 Points:181,455 Joined:May 2012	Message Posted: Jul 30, 2012 10:45:31 PM Ignore Mustache_33 Report Abuse hmm
Feud Champion Author Ontario Posts:2,091 Points:307,765 Joined:Feb 2007	Message Posted: Jul 30, 2012 10:44:13 PM Ignore Feud Report Abuse Yup.
theWizK All-Star Author Columbus Posts:771 Points:387,105 Joined:May 2007	Message Posted: Jul 30, 2012 10:41:20 PM Ignore theWizK Report Abuse OK
weenerdog Champion Author Detroit Posts:9,461 Points:1,884,890 Joined:Jan 2008	Message Posted: Jul 30, 2012 10:38:51 PM Ignore weenerdog Report Abuse The Dakotas' economies are booming right now. Nothing like the rest of the US.
crazycow2332 Champion Author Nashville Posts:1,217 Points:255,080 Joined:May 2010	Message Posted: Jul 30, 2012 10:38:46 PM Ignore crazycow2332 Report Abuse ok
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Jul 30, 2012 10:37:51 PM Ignore brutherruther Report Abuse Ok
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Jul 30, 2012 10:37:08 PM Ignore g747 Report Abuse ANDDDDDDDDDDDDDDDDDDDDDDD!!!!!!!!.
HailstormCA Champion Author San Diego Posts:7,860 Points:1,472,995 Joined:Nov 2008	Message Posted: Jul 30, 2012 10:34:27 PM Ignore HailstormCA Report Abuse So?!
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,340 Joined:Mar 2006	Message Posted: Jul 30, 2012 10:34:03 PM Ignore Focus2 Report Abuse 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.
300kmiles All-Star Author Orange County Posts:529 Points:416,020 Joined:Dec 2009	Message Posted: Jul 30, 2012 10:33:47 PM Ignore 300kmiles Report Abuse Technology baby!
Buddy2264 Champion Author Tampa Posts:11,659 Points:2,360,945 Joined:Oct 2005	Message Posted: Jul 30, 2012 10:33:12 PM Ignore Buddy2264 Report Abuse 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.
mstearno Champion Author Dayton Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: Jul 30, 2012 10:32:50 PM Ignore mstearno Report Abuse we should
menagerie1013 Champion Author San Diego Posts:2,365 Points:690,740 Joined:Apr 2011	Message Posted: Jul 30, 2012 10:31:39 PM Ignore menagerie1013 Report Abuse The US dominates and has overrun a market into the ground.
danreino Champion Author Twin Cities Posts:8,358 Points:1,541,705 Joined:Mar 2008	Message Posted: Jul 30, 2012 10:31:14 PM Ignore danreino Report Abuse Eliminate trading of North American oil from locales such as The Cayman Islands, The Bahamas and Hong Kong. Terminate the London I.C.E
camaro_man Champion Author Kitchener-Waterloo Posts:2,234 Points:611,935 Joined:Jun 2010	Message Posted: Jul 30, 2012 10:27:16 PM Ignore camaro_man Report Abuse wow