The North American success story has motivated a number of foreign countries and companies to initiate efforts toward developing their local shale gas resources. The potential is very promising: a study commissioned by the EIA concluded that nearly 6,000 trillion cubic feet (tcf) of gas reserves are available in 32 countries — far more than […]
Coal’s future
A client meeting yesterday on shale gas monetization began interestingly with questions on coal’s future. Cheap natural gas and sluggish economic recovery are making it difficult for coal to be a competitive fuel for power in North America. Overseas, Europe continues to suffer from economic weakness and uncertainty, while emerging economies such as China and […]
The shale gas weekend
Shale gas seems to be the flavor of this weekend wherever one looks. If the Wall Steet Journal did an editorial defending fracking, the New York Times continued its superb Drilling Down series on shale gas with a piece questioning if the industry was another bubble in the making. The WSJ editorial was a great […]
