Friday, February 5, 2010

U.S. #1 in Natural Gas

"How ironic that during the ‘drill, baby, drill’ demonstrations as gasoline prices spiked in 2007 and 2008, a silent revolution with natural gas was already underway that will make those concerns largely irrelevant.
By marrying and perfecting two processes into a technology called horizontal fracking, engineering has virtually created, from nothing, new natural gas resources, previously regarded as inaccessibly locked in useless shale deposits. Suddenly, the mammoth shale formations in Texas, Pennsylvania, Ohio, New York, North Dakota, and elsewhere have the potential to produce abundant amounts of gas for decades to come.
Human ingenuity has turned theoretical gas reserves — too costly ever to be exploited — into practical resources. And just in time. Less than a decade ago, experts were noting that conventional natural gas production had begun to plateau, despite annual increases in the number of wells drilled."
~Max Schulz writing in the

MP: The chart above shows natural gas production (data here) in the United States, which recently overtook Russia as the #1 gas producer in the world.

1 comment:

jerry said...

this is very interesting site for new technology.

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