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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:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Aug 1, 2012 4:51:55 PM Ignore goldrose1 Report Abuse innovation
LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,200 Joined:Mar 2008	Message Posted: Aug 1, 2012 12:24:59 AM Ignore LetemEatCake Report Abuse Interrelating article Aservant....thanks for posting!
crazycow2332 Champion Author Nashville Posts:1,217 Points:255,530 Joined:May 2010	Message Posted: Jul 31, 2012 7:36:58 PM Ignore crazycow2332 Report Abuse ok
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Jul 31, 2012 1:18:05 PM Ignore sparky808 Report Abuse Thank you for posting.
dudleydolittle Champion Author Cleveland Posts:4,573 Points:618,145 Joined:Sep 2011	Message Posted: Jul 31, 2012 8:05:03 AM Ignore dudleydolittle Report Abuse I think it still dangerous.
dylan126 Champion Author Cleveland Posts:4,573 Points:622,070 Joined:Sep 2011	Message Posted: Jul 31, 2012 8:03:31 AM Ignore dylan126 Report Abuse what do you really think?
remay Champion Author Houston Posts:7,078 Points:2,143,965 Joined:May 2006	Message Posted: Jul 31, 2012 6:38:58 AM Ignore remay Report Abuse Sooooo ?
MAC48 Champion Author Dallas Posts:1,580 Points:788,525 Joined:Dec 2006	Message Posted: Jul 31, 2012 12:37:50 AM 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:12,234 Points:2,318,210 Joined:Oct 2006	Message Posted: Jul 31, 2012 12:36:06 AM 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:1,580 Points:788,525 Joined:Dec 2006	Message Posted: Jul 31, 2012 12:35:42 AM 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:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jul 31, 2012 12:17:40 AM Ignore crreed1 Report Abuse they will make more exporting
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Jul 31, 2012 12:14:55 AM Ignore rahcat Report Abuse It is good to be the dominator!
boatfloyd Champion Author Jacksonville Posts:1,858 Points:415,675 Joined:Mar 2012	Message Posted: Jul 31, 2012 12:11:36 AM 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 31, 2012 12:11:25 AM Ignore pastorpaulcg Report Abuse Ok
DandyDapple All-Star Author North Dakota Posts:715 Points:330,770 Joined:Sep 2008	Message Posted: Jul 31, 2012 12:10:27 AM Ignore DandyDapple Report Abuse ...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 31, 2012 12:09:57 AM Ignore tedjm1 Report Abuse But what will they do with it?
jkpsr Champion Author New Jersey Posts:4,207 Points:1,127,915 Joined:Jun 2005	Message Posted: Jul 31, 2012 12:09:30 AM 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:15,826 Points:2,557,280 Joined:Apr 2006	Message Posted: Jul 31, 2012 12:08:07 AM Ignore gocatgo Report Abuse The big question is what percentage will go overseas?
LetemEatCake Champion Author Oklahoma City Posts:5,667 Points:1,229,200 Joined:Mar 2008	Message Posted: Jul 31, 2012 12:07:19 AM 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:3,095 Points:860,405 Joined:May 2010	Message Posted: Jul 31, 2012 12:07:03 AM Ignore regout Report Abuse Ok.
Bubba44612 Champion Author Ohio Posts:7,531 Points:1,904,385 Joined:Aug 2005	Message Posted: Jul 31, 2012 12:06:16 AM Ignore Bubba44612 Report Abuse Short term solution, bring on hydrogen power.
bluegrasser1 Champion Author Richmond Posts:16,075 Points:2,643,320 Joined:Sep 2005	Message Posted: Jul 31, 2012 12:06:10 AM Ignore bluegrasser1 Report Abuse ok
steve621 Champion Author Wilmington Posts:2,133 Points:2,135,655 Joined:Aug 2004	Message Posted: Jul 31, 2012 12:05:13 AM Ignore steve621 Report Abuse ure will
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: Jul 31, 2012 12:05:03 AM Ignore SparkieMi Report Abuse Time will tell!!!!
ssect8 Champion Author Hartford Posts:8,131 Points:2,119,005 Joined:Jun 2006	Message Posted: Jul 31, 2012 12:04:57 AM 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:6,298 Points:1,303,435 Joined:Jul 2009	Message Posted: Jul 31, 2012 12:04:43 AM Ignore Rednix Report Abuse Other countries will follow.
jwalkerh Champion Author Louisiana Posts:6,197 Points:1,377,430 Joined:Oct 2008	Message Posted: Jul 31, 2012 12:01:08 AM Ignore jwalkerh Report Abuse For now but for how long?
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: Jul 30, 2012 11:59:17 PM Ignore SparkieMi Report Abuse Good post by goodbuy....
n3tbc Veteran Author Wilmington Posts:355 Points:333,575 Joined:Sep 2011	Message Posted: Jul 30, 2012 11:57:47 PM Ignore n3tbc Report Abuse ok
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Jul 30, 2012 11:52:41 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:7,811 Points:1,449,430 Joined:May 2005	Message Posted: Jul 30, 2012 11:52:24 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:3,894 Points:2,493,530 Joined:Oct 2005	Message Posted: Jul 30, 2012 11:51:46 PM Ignore mrbee Report Abuse Of course we do.
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Jul 30, 2012 11:51:03 PM Ignore pgerassi Report Abuse LNG is much safer than CNG. And methane hydrate is even safer still.
FuelishGuy All-Star Author Edmonton Posts:823 Points:950,855 Joined:Oct 2008	Message Posted: Jul 30, 2012 11:47:02 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:1,748 Points:354,985 Joined:May 2012	Message Posted: Jul 30, 2012 11:46:30 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 11:45:31 PM Ignore Mustache_33 Report Abuse hmm
Feud Champion Author Ontario Posts:2,222 Points:331,115 Joined:Feb 2007	Message Posted: Jul 30, 2012 11:44:13 PM Ignore Feud Report Abuse Yup.
theWizK All-Star Author Columbus Posts:876 Points:412,480 Joined:May 2007	Message Posted: Jul 30, 2012 11:41:20 PM Ignore theWizK Report Abuse OK
weenerdog Champion Author Detroit Posts:9,596 Points:1,911,615 Joined:Jan 2008	Message Posted: Jul 30, 2012 11:38:51 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:255,530 Joined:May 2010	Message Posted: Jul 30, 2012 11:38:46 PM Ignore crazycow2332 Report Abuse ok
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Jul 30, 2012 11:37:51 PM Ignore brutherruther Report Abuse Ok
g747 Champion Author Mobile Posts:4,682 Points:961,370 Joined:Jul 2009	Message Posted: Jul 30, 2012 11:37:08 PM Ignore g747 Report Abuse ANDDDDDDDDDDDDDDDDDDDDDDD!!!!!!!!.
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: Jul 30, 2012 11:34:27 PM Ignore HailstormCA Report Abuse So?!
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,350 Joined:Mar 2006	Message Posted: Jul 30, 2012 11:34:03 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:534 Points:422,870 Joined:Dec 2009	Message Posted: Jul 30, 2012 11:33:47 PM Ignore 300kmiles Report Abuse Technology baby!
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: Jul 30, 2012 11:33:12 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:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Jul 30, 2012 11:32:50 PM Ignore mstearno Report Abuse we should
menagerie1013 Champion Author San Diego Posts:2,365 Points:711,190 Joined:Apr 2011	Message Posted: Jul 30, 2012 11:31:39 PM Ignore menagerie1013 Report Abuse The US dominates and has overrun a market into the ground.
danreino Champion Author Twin Cities Posts:8,479 Points:1,565,485 Joined:Mar 2008	Message Posted: Jul 30, 2012 11:31:14 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:2,372 Points:638,745 Joined:Jun 2010	Message Posted: Jul 30, 2012 11:27:16 PM Ignore camaro_man Report Abuse wow