Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:29 PM

GasBuddy News Article

45
votes
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


Read the Full Article

Submitted Jul 30, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: US dominates the global shale gas market Back to Topics
REPLIES (newest first) Post a Reply
goldrose1
Champion Author Cleveland

Posts:14,191
Points:2,672,105
Joined:Feb 2005
Message Posted: Aug 1, 2012 2:51:55 PM

innovation
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Jul 31, 2012 10:24:59 PM


Interrelating article Aservant....thanks for posting!
crazycow2332
Champion Author Nashville

Posts:1,217
Points:265,255
Joined:May 2010
Message Posted: Jul 31, 2012 5:36:58 PM

ok
sparky808
Champion Author Honolulu

Posts:5,986
Points:1,351,985
Joined:Sep 2011
Message Posted: Jul 31, 2012 11:18:05 AM

Thank you for posting.
dudleydolittle
Champion Author Cleveland

Posts:7,722
Points:1,357,810
Joined:Sep 2011
Message Posted: Jul 31, 2012 6:05:03 AM

I think it still dangerous.
dylan126
Champion Author Cleveland

Posts:7,724
Points:1,363,245
Joined:Sep 2011
Message Posted: Jul 31, 2012 6:03:31 AM

what do you really think?
remay
Champion Author Houston

Posts:10,006
Points:2,887,365
Joined:May 2006
Message Posted: Jul 31, 2012 4:38:58 AM

Sooooo ?
MAC48
Champion Author Dallas

Posts:3,932
Points:1,487,510
Joined:Dec 2006
Message Posted: Jul 30, 2012 10:37:50 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.
Bezalel
Champion Author Oklahoma City

Posts:15,387
Points:3,068,945
Joined:Oct 2006
Message Posted: Jul 30, 2012 10:36:06 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.
MAC48
Champion Author Dallas

Posts:3,932
Points:1,487,510
Joined:Dec 2006
Message Posted: Jul 30, 2012 10:35:42 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.
crreed1
Champion Author West Virginia

Posts:5,031
Points:3,217,835
Joined:May 2005
Message Posted: Jul 30, 2012 10:17:40 PM

they will make more exporting
rahcat
Champion Author Grand Rapids

Posts:5,975
Points:1,444,200
Joined:Jan 2010
Message Posted: Jul 30, 2012 10:14:55 PM

It is good to be the dominator!
boatfloyd
Champion Author Jacksonville

Posts:5,027
Points:1,168,615
Joined:Mar 2012
Message Posted: Jul 30, 2012 10:11:36 PM

How much Fracking can this world take?
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:778,435
Joined:Dec 2010
Message Posted: Jul 30, 2012 10:11:25 PM

Ok
DandyDapple
All-Star Author North Dakota

Posts:715
Points:876,820
Joined:Sep 2008
Message Posted: Jul 30, 2012 10:10:27 PM

...
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jul 30, 2012 10:09:57 PM

But what will they do with it?
jkpsr
Champion Author New Jersey

Posts:5,974
Points:1,628,915
Joined:Jun 2005
Message Posted: Jul 30, 2012 10:09:30 PM

I wonder how long it will take the rest of the world to start using fracking?
gocatgo
Champion Author South Carolina

Posts:19,744
Points:3,311,785
Joined:Apr 2006
Message Posted: Jul 30, 2012 10:08:07 PM

The big question is what percentage will go overseas?
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Jul 30, 2012 10:07:19 PM


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:6,180
Points:1,609,330
Joined:May 2010
Message Posted: Jul 30, 2012 10:07:03 PM

Ok.
Bubba44612
Champion Author Ohio

Posts:10,571
Points:2,651,000
Joined:Aug 2005
Message Posted: Jul 30, 2012 10:06:16 PM

Short term solution, bring on hydrogen power.
bluegrasser1
Champion Author Richmond

Posts:19,320
Points:3,395,690
Joined:Sep 2005
Message Posted: Jul 30, 2012 10:06:10 PM

ok
steve621
Champion Author Wilmington

Posts:5,068
Points:2,847,085
Joined:Aug 2004
Message Posted: Jul 30, 2012 10:05:13 PM

ure will
SparkieMi
Champion Author Kalamazoo

Posts:6,331
Points:1,346,570
Joined:Sep 2011
Message Posted: Jul 30, 2012 10:05:03 PM

Time will tell!!!!
ssect8
Champion Author Hartford

Posts:10,119
Points:2,495,965
Joined:Jun 2006
Message Posted: Jul 30, 2012 10:04:57 PM

Sounds good, but wait until the greenies and obama the dictator put a stop to it.
Rednix
Champion Author Miami

Posts:9,277
Points:2,044,210
Joined:Jul 2009
Message Posted: Jul 30, 2012 10:04:43 PM

Other countries will follow.
jwalkerh
Champion Author Louisiana

Posts:6,508
Points:1,451,080
Joined:Oct 2008
Message Posted: Jul 30, 2012 10:01:08 PM

For now but for how long?
SparkieMi
Champion Author Kalamazoo

Posts:6,331
Points:1,346,570
Joined:Sep 2011
Message Posted: Jul 30, 2012 9:59:17 PM

Good post by goodbuy....
n3tbc
Veteran Author Wilmington

Posts:355
Points:423,825
Joined:Sep 2011
Message Posted: Jul 30, 2012 9:57:47 PM

ok
jrsva
Champion Author Virginia

Posts:13,360
Points:2,395,025
Joined:Jan 2006
Message Posted: Jul 30, 2012 9:52:41 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?
goodbuy
Champion Author Michigan

Posts:10,700
Points:2,156,150
Joined:May 2005
Message Posted: Jul 30, 2012 9:52:24 PM

Don't worry. In a couple of years we will sell it to China.
mrbee
Champion Author Little Rock

Posts:7,019
Points:3,245,355
Joined:Oct 2005
Message Posted: Jul 30, 2012 9:51:46 PM

Of course we do.
pgerassi
Champion Author Milwaukee

Posts:14,166
Points:2,910,540
Joined:Apr 2007
Message Posted: Jul 30, 2012 9:51:03 PM

LNG is much safer than CNG. And methane hydrate is even safer still.
FuelishGuy
Champion Author Edmonton

Posts:1,045
Points:1,626,860
Joined:Oct 2008
Message Posted: Jul 30, 2012 9:47:02 PM

How much more thinking does it take for big oil and the auto industry to figure out that the way forward is CNG.
svspyda
Champion Author San Jose

Posts:2,955
Points:699,500
Joined:May 2012
Message Posted: Jul 30, 2012 9:46:30 PM

nice.
Mustache_33
All-Star Author Toronto

Posts:900
Points:181,455
Joined:May 2012
Message Posted: Jul 30, 2012 9:45:31 PM

hmm
Feud
Champion Author Ontario

Posts:5,396
Points:967,465
Joined:Feb 2007
Message Posted: Jul 30, 2012 9:44:13 PM

Yup.
theWizK
Champion Author Columbus

Posts:1,614
Points:969,935
Joined:May 2007
Message Posted: Jul 30, 2012 9:41:20 PM

OK
weenerdog
Champion Author Detroit

Posts:10,690
Points:2,562,505
Joined:Jan 2008
Message Posted: Jul 30, 2012 9:38:51 PM

The Dakotas' economies are booming right now. Nothing like the rest of the US.
crazycow2332
Champion Author Nashville

Posts:1,217
Points:265,255
Joined:May 2010
Message Posted: Jul 30, 2012 9:38:46 PM

ok
brutherruther
Veteran Author Fort Worth

Posts:435
Points:238,290
Joined:Mar 2012
Message Posted: Jul 30, 2012 9:37:51 PM

Ok
g747
Champion Author Mobile

Posts:7,566
Points:1,657,340
Joined:Jul 2009
Message Posted: Jul 30, 2012 9:37:08 PM

ANDDDDDDDDDDDDDDDDDDDDDDD!!!!!!!!.
HailstormCA
Champion Author San Diego

Posts:10,613
Points:2,146,400
Joined:Nov 2008
Message Posted: Jul 30, 2012 9:34:27 PM

So?!
Focus2
Champion Author Illinois

Posts:8,172
Points:2,138,770
Joined:Mar 2006
Message Posted: Jul 30, 2012 9:34:03 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.
300kmiles
Champion Author Orange County

Posts:1,838
Points:798,775
Joined:Dec 2009
Message Posted: Jul 30, 2012 9:33:47 PM

Technology baby!
Buddy2264
Champion Author Tampa

Posts:14,991
Points:3,143,220
Joined:Oct 2005
Message Posted: Jul 30, 2012 9:33:12 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.
mstearno
Champion Author Dayton

Posts:9,689
Points:2,359,560
Joined:Jan 2008
Message Posted: Jul 30, 2012 9:32:50 PM

we should
menagerie1013
Champion Author San Diego

Posts:2,365
Points:1,305,790
Joined:Apr 2011
Message Posted: Jul 30, 2012 9:31:39 PM

The US dominates and has overrun a market into the ground.
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Jul 30, 2012 9:31:14 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
camaro_man
Champion Author Kitchener-Waterloo

Posts:5,493
Points:1,388,045
Joined:Jun 2010
Message Posted: Jul 30, 2012 9:27:16 PM

wow
SpankyMI
Champion Author Kalamazoo

Posts:5,412
Points:1,486,465
Joined:Jan 2011
Message Posted: Jul 30, 2012 9:25:51 PM

This is a good thing.
Post a reply Back to Topics