Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:03 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: China offers greatest prize of all for shale gas Back to Topics
mainenightowl

Champion Author
Maine

Posts:1,932
Points:552,185
Joined:May 2012
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

Visit Reuters for full article
REPLIES (newest first) Post a Reply
Profile Pic
remay
Champion Author Houston

Posts:8,442
Points:2,439,090
Joined:May 2006
Message Posted: Jan 21, 2013 6:53:48 AM

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

Posts:8,292
Points:2,223,560
Joined:Dec 2006
Message Posted: Jan 20, 2013 9:13:25 AM

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

Posts:2,212
Points:441,340
Joined:Nov 2012
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.
Profile Pic
andy1024
Champion Author Allentown

Posts:3,303
Points:745,000
Joined:Dec 2011
Message Posted: Jan 19, 2013 11:44:23 PM

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

Posts:4,008
Points:1,238,035
Joined:May 2010
Message Posted: Jan 19, 2013 11:30:57 PM

Good for them.
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Jan 19, 2013 11:29:05 PM


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

Posts:5,125
Points:1,016,990
Joined:Mar 2010
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. :)
Profile Pic
tankumo
All-Star Author Vancouver

Posts:730
Points:218,770
Joined:Dec 2012
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.

Profile Pic
YaBassa
Champion Author Michigan

Posts:4,090
Points:846,300
Joined:Nov 2011
Message Posted: Jan 19, 2013 8:54:55 PM

Go for it
Profile Pic
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Jan 19, 2013 4:50:10 PM

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

Posts:2,560
Points:1,351,400
Joined:Mar 2010
Message Posted: Jan 19, 2013 3:33:18 PM

Fallow this lead US.
Profile Pic
montpelier28
Champion Author Vermont

Posts:2,208
Points:1,102,495
Joined:Apr 2010
Message Posted: Jan 19, 2013 3:13:17 PM

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

Posts:3,301
Points:817,300
Joined:Sep 2011
Message Posted: Jan 19, 2013 3:04:28 PM

Oh goody
Profile Pic
dvrm9
Veteran Author Alberta

Posts:265
Points:299,195
Joined:Jun 2012
Message Posted: Jan 19, 2013 2:34:12 PM

Good for them
Profile Pic
lippoe_sokan
Champion Author Provo

Posts:2,156
Points:506,275
Joined:Nov 2012
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.
Profile Pic
Sapper08
Champion Author Indianapolis

Posts:2,610
Points:626,500
Joined:Mar 2012
Message Posted: Jan 19, 2013 1:52:11 PM

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

Posts:8,694
Points:1,950,140
Joined:Oct 2008
Message Posted: Jan 19, 2013 1:41:33 PM

good for them
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:3,562
Points:704,810
Joined:Feb 2012
Message Posted: Jan 19, 2013 1:28:13 PM

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

Posts:6,987
Points:672,485
Joined:Jun 2011
Message Posted: Jan 19, 2013 1:26:23 PM

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

Posts:6,917
Points:1,348,960
Joined:Apr 2010
Message Posted: Jan 19, 2013 1:12:51 PM

They are not dumb.
Profile Pic
TXRanger09
Champion Author Dallas

Posts:3,327
Points:1,104,765
Joined:May 2009
Message Posted: Jan 19, 2013 12:51:55 PM

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

Posts:6,452
Points:1,465,405
Joined:Apr 2008
Message Posted: Jan 19, 2013 12:36:17 PM

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

Posts:3,651
Points:1,071,800
Joined:Mar 2011
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.
Profile Pic
RBob
Champion Author Portland

Posts:3,996
Points:2,621,360
Joined:May 2004
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.
Profile Pic
zoomer20
Veteran Author Indiana

Posts:278
Points:439,040
Joined:Apr 2012
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.
Profile Pic
humblepie
Champion Author Toledo

Posts:48,626
Points:2,702,515
Joined:Mar 2006
Message Posted: Jan 19, 2013 11:18:06 AM

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

Posts:9,485
Points:2,417,460
Joined:Aug 2003
Message Posted: Jan 19, 2013 11:10:24 AM

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

Posts:5,660
Points:629,895
Joined:May 2012
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.
Profile Pic
bcline909
Veteran Author Virginia

Posts:401
Points:80,170
Joined:Nov 2012
Message Posted: Jan 19, 2013 10:46:26 AM

lots of resources
Profile Pic
SUPERSTEVIEO
Champion Author Quebec

Posts:3,523
Points:787,115
Joined:Oct 2010
Message Posted: Jan 19, 2013 10:36:20 AM

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

Posts:2,439
Points:482,930
Joined:Dec 2012
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?
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,123
Points:1,450,285
Joined:May 2008
Message Posted: Jan 19, 2013 10:17:37 AM

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

Posts:757
Points:830,580
Joined:May 2010
Message Posted: Jan 19, 2013 10:09:29 AM

Should help out the economy
Profile Pic
oas
Champion Author Maryland

Posts:5,882
Points:2,470,615
Joined:Feb 2005
Message Posted: Jan 19, 2013 10:06:33 AM

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

Posts:10,188
Points:1,867,775
Joined:Nov 2008
Message Posted: Jan 19, 2013 10:06:13 AM

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

Posts:743
Points:817,450
Joined:Apr 2011
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.
Profile Pic
el_fr
Champion Author Massachusetts

Posts:4,997
Points:1,076,205
Joined:Apr 2011
Message Posted: Jan 19, 2013 10:03:51 AM

We will see
Profile Pic
OTISFL
Champion Author Pensacola

Posts:5,986
Points:1,146,670
Joined:Apr 2009
Message Posted: Jan 19, 2013 10:01:07 AM

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

Posts:11,178
Points:1,200,755
Joined:Dec 2010
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.
Profile Pic
peabeax55
All-Star Author Atlanta

Posts:811
Points:259,430
Joined:Mar 2012
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.
Profile Pic
Mark8601
Champion Author Bakersfield

Posts:1,103
Points:589,905
Joined:Dec 2011
Message Posted: Jan 19, 2013 9:24:23 AM

Maybe we can barter for food.
Profile Pic
Lugi1967
Champion Author Ohio

Posts:6,358
Points:1,325,470
Joined:Jun 2010
Message Posted: Jan 19, 2013 9:21:20 AM

Sooner the better
Profile Pic
turboz2012
All-Star Author Charleston

Posts:937
Points:650,220
Joined:Feb 2012
Message Posted: Jan 19, 2013 9:20:42 AM

OK
Post a reply Back to Topics