What is Shale gas? USA has a stock and potential ,advantage and boost to economy can anyone explain?
Today I have come across the news that USA is selling shell gas and huge potential and boost to their economy and benefit to global economy. somehow it will reduce gas price in international markets. India is requesting to supply .
If this new find then it is advantage to USA and her economy and boost to global economy.
Shale gas is natural gas formed from being trapped within shale formations. Shale gas has become an increasingly important source of natural gas in the United States since the start of this century, and interest has spread to potential gas shales in the rest of the world. In 2000 shale gas provided only 1% of U.S. natural gas production; by 2010 it was over 20% and the U.S. government's Energy Information Administration predicts that by 2035 46% of the United States' natural gas supply will come from shale gas.
Some analysts expect that shale gas will greatly expand worldwide energy supply. China is estimated to have the world's largest shale gas reserves. A study by the Baker Institute of Public Policy at Rice University concluded that increased shale gas production in the US and Canada could help prevent Russia and Persian Gulf countries from dictating higher prices for the gas they export to European countries.
Refer following link:
http://en.wikipedia.org/wiki/Shale_gas
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