Back in May an article came out about immense discoveries of tapping into the largest natural gas supply found in shale rock. It was estimated at 1,000 trillion cubic feet in North America itself, proclaiming there would be enough natural gas to last over 20 years, scientist where always aware of the potential that shale would offer. But at the time technology had not caught up with the times, now with the new technological processes available pricing is making it reasonable and setting major waves for shale gas to become the biggest resource of the decade.
Shale gas will change our world with the big push for going green, but if the shale boom explodes it going to cause a lot of controversy over renewable energies, it will be hard to convince people to change to the green concept if there is an ample supply of energy that is cleaner than coal.
This will bring in a new flux for longer-term opportunities for lternat ive Fuels">alternative fuels and slow down the urgency for immediate subsidies. Especially, since we can have natural gas now. Plenty of the big players argue that we will spend too much money in shale-gas exploration and the environmental risks of these explorations.
But drilling on land such as for oil, water and using casings, we have done this for decades with a good reputation and standing. As usual, we need rules and regulations to follow to insure the safety of every one. The biggest aspects of this shale explosion will offer Western and Chinese consumers fuel supplies close to home, probably will encourage a natural-gas cartel. Before these discoveries of shale gas, major countries were seeing a decline in production in the United States, Canada, and overseas.
So as you can see shale gas is going to cause a major competition amongst major energy companies and exporting countries. Expectations are that shale gas will supply as much as half the natural gas production in North America alone by 2020. Shale gas has perked interest in Canada, Europe, Asia, and Austrilia, and will expand worldwide energy supply.
Canada is literally sitting on 4,000 cubic feet of natural gas, stated through resources measured from shale gas.
Montreal Gazette Story
The excluded plays are: Alberta's Montney formation; the Devonian shales in Alberta; the Devonian shales in the Mackenzie Valley corridor; the Liard basin, which is west of the prolific Horn River play; the deep thermogenic Colorado group of shales in western Alberta; the St. Lawrence lowlands, save for the part of Quebec's Utica shale where estimation methodologies could be identified and included; the Central Maritimes basin, located predominately in the Gulf of St. Lawrence and with an onshore component in New Brunswick and the southern tip of Newfoundland; and natural gas hydrates.