Saturday, December 28, 2013

Shale Gas Boom At 'Tip Of Iceberg'

Forbes

He adds that the Marcellus Shale region is producing the equivalent of 2 million barrels of oil a day, which exceeds the oil production of many OPEC countries. The energy agency, meanwhile, says that 2,203 trillion cubic feet of shale gas here is technically recoverable — enough to last 92 years.

This is big news.  If I may throw in something a bit negative though, and that is this:  Is this the lowest cost possible for energy?  If not, it may not develop as is anticipated.

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