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Author Topic: China offers greatest prize of all for shale gas Back to Topics
mainenightowl

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Maine

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Message Posted: Jan 19, 2013 9:18:13 AM

China will almost certainly fail to meet its target of producing 6.5 billion cubic metres of shale gas per year by 2015. Even so, there can be no doubt it is set to become one of the world's largest shale gas producers over the next decade.

In its latest annual outlook, published on Wednesday, BP predicts China will be the most successful country outside North America in developing shale gas by 2030. Given the country's enormous shale resources and large prospective market, coupled with its ready availability of capital and proven engineering expertise, it is hard to argue with that assessment

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remay
Champion Author Houston

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Message Posted: Jan 21, 2013 6:53:48 AM

And we thought WE have problems with frac'ing?
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BBopp
Champion Author Dayton

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Message Posted: Jan 20, 2013 9:13:25 AM

I agree 100% with endymion.
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endymion
Champion Author New York

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Message Posted: Jan 20, 2013 7:14:00 AM

China has few environmental regulations, so it has become the most polluted country on the planet. Jobs and economic growth come at a price.
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andy1024
Champion Author Allentown

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Message Posted: Jan 19, 2013 11:44:23 PM

Shale gases now appear to be everywhere.
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Wanda127
Champion Author Florida

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Message Posted: Jan 19, 2013 11:30:57 PM

Good for them.
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Jan 19, 2013 11:29:05 PM


Wait, Wait, let me guess Bucky!
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BuckyTJones
Champion Author Salt Lake City

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Message Posted: Jan 19, 2013 10:05:16 PM


I have something to offer or suggest to China but it would not be tolerated on this blog. :)
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tankumo
All-Star Author Vancouver

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Message Posted: Jan 19, 2013 9:13:53 PM

It may not be easy to frac these fields, plus China has draught problem too. Expect China to import LNG for a while.

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YaBassa
Champion Author Michigan

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Message Posted: Jan 19, 2013 8:54:55 PM

Go for it
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TripleHs
Champion Author Austin

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Message Posted: Jan 19, 2013 4:50:10 PM

seemingly no doubt, just a matter of time
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OHIO50
Champion Author Denver

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Message Posted: Jan 19, 2013 3:33:18 PM

Fallow this lead US.
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montpelier28
Champion Author Vermont

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Message Posted: Jan 19, 2013 3:13:17 PM

maybe will improve the tech to this as it's not going to stop soon
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Wally3023
Champion Author Pennsylvania

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Message Posted: Jan 19, 2013 3:04:28 PM

Oh goody
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dvrm9
Veteran Author Alberta

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Message Posted: Jan 19, 2013 2:34:12 PM

Good for them
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lippoe_sokan
Champion Author Provo

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Message Posted: Jan 19, 2013 2:27:24 PM

At least they're trying to tap their own natural resources. Growing demand for energy there will have a major impact on world markets.
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Sapper08
Champion Author Indianapolis

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Message Posted: Jan 19, 2013 1:52:11 PM

Good! Let them pump deadly chemicals into THEIR ground(water)!
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amerk73
Champion Author Dallas

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Message Posted: Jan 19, 2013 1:41:33 PM

good for them
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Pramodsharma
Champion Author Richmond

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Message Posted: Jan 19, 2013 1:28:13 PM

By 2030 we may not be using gas on auto industry
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dh0770
Champion Author Colorado

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Message Posted: Jan 19, 2013 1:26:23 PM

Send Gore and his ecoterrorists over there...
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kag2010
Champion Author Winnipeg

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Message Posted: Jan 19, 2013 1:12:51 PM

They are not dumb.
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TXRanger09
Champion Author Dallas

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Message Posted: Jan 19, 2013 12:51:55 PM

Once this wells start producing will world oil prices slip to pre 2008 prices?
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Romey08
Champion Author Virginia

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Message Posted: Jan 19, 2013 12:36:17 PM

China hunger means more export from North America
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gbs1
Champion Author Minnesota

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Message Posted: Jan 19, 2013 12:03:02 PM

They need to develop the shale projects. Then they could convert their pollution spewing oil burning plants to reduce the pollution they are sending all over the world.
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RBob
Champion Author Portland

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Message Posted: Jan 19, 2013 11:52:31 AM

Why develop their own now when they can get subsidized product from Canada and the US and keep their's for the future. They are not dumb.
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zoomer20
Veteran Author Indiana

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Message Posted: Jan 19, 2013 11:37:28 AM

China will be the new superpower that the US made rich. After all, didn't they just buy an oil company from Canada for 15 billion in "Walmart" cash. They can't wait for the benefits they will receive from the Keystone pipeline.
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humblepie
Champion Author Toledo

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Message Posted: Jan 19, 2013 11:18:06 AM

they will beat the obama team by at least a decade at this endevour
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mazdaboy
Champion Author Portland

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Message Posted: Jan 19, 2013 11:10:24 AM

The middle east has to be disappointed.
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Discovery02
Champion Author Colorado Springs

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Message Posted: Jan 19, 2013 10:59:50 AM

I wonder if the Chinese will be concerned at all about sealing the wells properly to avoid release of methane and air pollution which will then circulate globally.
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bcline909
Veteran Author Virginia

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Message Posted: Jan 19, 2013 10:46:26 AM

lots of resources
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Jan 19, 2013 10:36:20 AM

about time they started to explore their own land fro fuels...
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txequitygas
Champion Author Houston

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Message Posted: Jan 19, 2013 10:17:46 AM

With China's huge growing need for oil. Who is doing the drilling for them? 30 years ago, China had no drilling industry..

Are we shipping our oil technology to China? What do we get in return? High fuel price at the pump?
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Luckylindy
Champion Author Milwaukee

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Message Posted: Jan 19, 2013 10:17:37 AM

Proven engineering expertise? Then why do they burn so much coal?
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Hawg1408
All-Star Author Alberta

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Message Posted: Jan 19, 2013 10:09:29 AM

Should help out the economy
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oas
Champion Author Maryland

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Message Posted: Jan 19, 2013 10:06:33 AM

China has a huge and growing thirst for oil.
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playtimeCLE
Champion Author Cleveland

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Message Posted: Jan 19, 2013 10:06:13 AM

It would be great to see them cut their coal use over there.
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Rappcommuter
All-Star Author Virginia

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Message Posted: Jan 19, 2013 10:04:45 AM

I agree with doeslayer. I would like to see China use their resources instead of trying to use up other countries resources.
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el_fr
Champion Author Massachusetts

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Message Posted: Jan 19, 2013 10:03:51 AM

We will see
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OTISFL
Champion Author Pensacola

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Message Posted: Jan 19, 2013 10:01:07 AM

Anything BP suggests I wouldn't trust.
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doeslayersr
Champion Author Illinois

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Message Posted: Jan 19, 2013 9:37:28 AM

It is about time the Chinese start to utilize (exploit) their own natural resources other than their subjugated population.
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peabeax55
All-Star Author Atlanta

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Message Posted: Jan 19, 2013 9:28:03 AM

"proven engineering expertise" Ha Ha. You mean like those relatively new sky scrapers that had to be torn down because the foundation tipped?
You mean the bridges that collapsed when less than a decade old?
You mean the satellites they managed to launch after stealing technology from the west?
You mean coupled with its slave labor...worked 14-18 hours a day....

China will always have some degree of success. At least this may keep some of the people there from freezing to death.
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Mark8601
Champion Author Bakersfield

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Message Posted: Jan 19, 2013 9:24:23 AM

Maybe we can barter for food.
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 19, 2013 9:21:20 AM

Sooner the better
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turboz2012
All-Star Author Charleston

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Message Posted: Jan 19, 2013 9:20:42 AM

OK
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