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Author Topic: Shale revolution grows stronger Back to Topics
tamsey
Veteran Author
Pennsylvania

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Message Posted: Jun 18, 2013 1:06:53 AM

There seems no end to the stream of good news coming out of the energy sector.

After the International Energy Agency (IEA) last November hailed the United States shale revolution by predicting that the country would become the biggest producer of oil by the end of the decade, the compliments have now been returned.

The Energy Information Administration (EIA), the US government department that releases energy data, this week released a report updating on the world's shale potential.

The term shale revolution is shorthand for the enormous boost in gas - and increasingly oil - supply in the US and Canada, enabled by hydraulic fracturing, or fracking, an extraction technique that releases hydrocarbons from previously inaccessible rock formations.

Oil and gas stuck in ungiving rock is not
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REPLIES (newest first) Post a Reply
investmentdr
Champion Author Cleveland

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Message Posted: Jun 18, 2013 11:09:51 AM

what's the benefit?
coughlin
Champion Author San Jose

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Message Posted: Jun 18, 2013 9:35:32 AM

It depends on what side of the branding iron you're on.
mcg00
All-Star Author Milwaukee

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Message Posted: Jun 18, 2013 9:00:36 AM

"It is likely that the Gulf will not be a blank space in future EIA shale maps." Well put.
sljbc475
Champion Author Tucson

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Message Posted: Jun 18, 2013 8:42:11 AM

Finding and drilling the oil is not the problem, build more refineries.
brbaritone
Champion Author Virginia

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Message Posted: Jun 18, 2013 7:52:09 AM

Will this massive increase in supply result in a decrease in prices? It hasn't yet. The laws of economics no longer apply to the oil market.
markcayer
All-Star Author Ottawa

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Message Posted: Jun 18, 2013 7:51:16 AM

How can destroying groundwater reserves and poisoning your neighbors be a good thing?

Do you know what fracking is? And what it entails?
Watch
www[dot]cbc[dot]ca/natureofthings/episode/shattered-ground.html

and then lets talk.
BigRedVTX
Champion Author Georgia

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Message Posted: Jun 18, 2013 7:15:42 AM

One must remember that we are not alone in the shale business (though we may have a head start).
335d1
Champion Author Virginia

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Message Posted: Jun 18, 2013 6:43:44 AM

Shale is found around the world so the potential for more oil is huge.
danny999
Champion Author Florida

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Message Posted: Jun 18, 2013 6:10:30 AM

Some just can not give up the witch hunt.Fracking means jobs,and a better economy.The oil companies know BIG BROTHER OBUMMA is waytching them,and will take necessary precautions.They're there to make money,not get envolved in lawsuits.
humblepie
Champion Author Toledo

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Message Posted: Jun 18, 2013 6:09:02 AM

much to eco nazi's chagrin......................
mrjames1818
Champion Author New Jersey

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Message Posted: Jun 18, 2013 6:03:33 AM

We still don't know the long term effects of fracking
AKmailman
Champion Author Alaska

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Message Posted: Jun 18, 2013 5:33:29 AM

this coming from the official propaganda agency
mastermariner
Champion Author Texas

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Message Posted: Jun 18, 2013 5:30:40 AM

Good
pscamp
Champion Author Ottawa

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Message Posted: Jun 18, 2013 4:42:22 AM

OK
Luckylindy
Champion Author Milwaukee

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Message Posted: Jun 18, 2013 4:34:59 AM

Good news except for the price of gas.
Realakman
Sophomore Author Alaska

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Message Posted: Jun 18, 2013 4:28:29 AM

frack good
Demoncrats BAD
HA4CNN
Champion Author Toronto

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Message Posted: Jun 18, 2013 3:39:44 AM

The world is getting drunk on fracking,I hope they know what they are doing.
kgbellman
Champion Author Ann Arbor

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Message Posted: Jun 18, 2013 3:12:46 AM

You can only squeeze so much oil from the earth - they have to do it safely
Settjec
Champion Author Little Rock

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Message Posted: Jun 18, 2013 3:08:56 AM

We will see
BEngr
Champion Author Illinois

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Message Posted: Jun 18, 2013 2:55:30 AM

I'm not sure where all this is headed, but if we produce more domestic oil & gas that means we are less dependent upon OPEC for supply. The plus is that OPEC has also manipulated the price of oil and that could end too.
defense
Champion Author Grand Rapids

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Message Posted: Jun 18, 2013 2:44:50 AM

Just more oil to sell over seas to keep US gas prices up.
heydano67
Champion Author California

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Message Posted: Jun 18, 2013 2:36:40 AM

more petrol
NavyStore
Champion Author Seattle

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Message Posted: Jun 18, 2013 2:34:40 AM

A revolution fueled by artificially inflated fossil fuel prices. We need to jump off oil and gas and move on to solar, wind, hydro, fusion, Sodium fueled fission and even bio-fuels. But, most importantly, we need to stop breeding like rabbits....
sprocketsplines
Champion Author Washington

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Message Posted: Jun 18, 2013 2:31:09 AM

Looks like the estimated shale reserves are underestimated.
stueyAZ
Sophomore Author Phoenix

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Message Posted: Jun 18, 2013 2:28:06 AM

Uuuuhmmm... I will second that!!
sehonda
Champion Author Honolulu

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Message Posted: Jun 18, 2013 2:24:00 AM

driven by high energy prices
bolobill
Champion Author Michigan

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Message Posted: Jun 18, 2013 2:23:37 AM

ok
nurdco
Champion Author Colorado Springs

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Message Posted: Jun 18, 2013 2:22:33 AM

Up goes fuel prices
cateyes8264
Champion Author Tennessee

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Message Posted: Jun 18, 2013 2:21:57 AM

keep pumping that oil and keep it for ourselves
furiousfowl
Champion Author Riverside

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Message Posted: Jun 18, 2013 2:15:09 AM

Very interesting...
Retowered
Champion Author Colorado

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Message Posted: Jun 18, 2013 2:15:04 AM

Keep the oil here so our prices will go DOWN.
kd5kpd
Champion Author Texas

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Message Posted: Jun 18, 2013 2:14:49 AM

Frack Away!!!
JethroGibbsMKE
Champion Author Milwaukee

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Message Posted: Jun 18, 2013 2:14:03 AM

To be or not to be, sounds so good BUT is it really that good?
UseLessGasFolks
Champion Author Iowa

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Message Posted: Jun 18, 2013 2:13:40 AM


DONT EXPORT IT!!!!!
btex49
Champion Author Austin

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Message Posted: Jun 18, 2013 2:12:37 AM

The liberals ain't gonna like this!
Hi1
Champion Author Ontario

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Message Posted: Jun 18, 2013 2:12:03 AM

Were killing ourself and nobody cares.
BobD2009
Champion Author Long Island

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Message Posted: Jun 18, 2013 2:11:30 AM

Let the franking begin!
jimgraham
Champion Author Akron

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Message Posted: Jun 18, 2013 2:08:08 AM

Fracking:

Humpty Dumpty.

Cracking the egg from the inside.

Who can put them back together?

" "
RENEGADEGAS
Champion Author Missouri

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Message Posted: Jun 18, 2013 2:08:04 AM

Flood the market with it.
g747
Champion Author Mobile

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Message Posted: Jun 18, 2013 2:06:46 AM

Why won't Wall St stop killing us ? ;because they can!!!!!!!!!!!!!,
blazerbob91
Champion Author Milwaukee

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Message Posted: Jun 18, 2013 2:06:39 AM

Keep the oil here!!!
tclbbs
Champion Author Columbus

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Message Posted: Jun 18, 2013 2:06:27 AM

When we finish destroying the earths mantle, what are we going to be driving on? The roads will be dust.
gougenator
Champion Author Dallas

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Message Posted: Jun 18, 2013 2:05:20 AM

too bad theyll export it all and to hell with lower gas prices as they dont give a #@$%$t for the common people of this great country for which the shale comes from

so fracking what?!?!?
pricewar
Champion Author Ogden

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Message Posted: Jun 18, 2013 2:05:06 AM

still needs improvement
TarWarrior
Veteran Author Cincinnati

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Message Posted: Jun 18, 2013 1:53:46 AM

Let's frack!
ronbo2010
Champion Author Los Angeles

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Message Posted: Jun 18, 2013 1:42:38 AM

I am totally ignorant on this extraction process. How safe is fracturing and what is the long run effect to the rock formation and the land above and bordering those being extracted? Is there an article about that?
comprof
Champion Author Houston

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Message Posted: Jun 18, 2013 1:38:12 AM

Go oil companies!
MrLefty0706
Champion Author Chicago

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Message Posted: Jun 18, 2013 1:17:06 AM

Hope growth continues.
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