Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:24 PM

GasBuddy News Article

41
votes
Shale boom that began in Texas is causing worldwide stir

Go San Angelo -- The global unconventional shale boom is arguably one of the biggest technology breakthroughs in decades, and it will have economic and political ramifications worldwide.

A recent study by the Securities Research Department with the Credit Suisse Research Institute examined the impact of the recent natural gas boom from shale and the resulting boom in crude oil production from shale.

"What started in a field in Texas has turned into a worldwide phenomenon, with ramifications spreading across a wide range of countries, commodities and industries," according to the report's authors Stefano Natella, co-head of Global Securities Research, and Eric Miller, co-head of Global Securities Research.

"The high cost of energy is once again stimulating the search for new energy supplies, alternative


Read the Full Article

Submitted Dec 23, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale boom that began in Texas is causing worldwide stir Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,393
Points:2,096,990
Joined:Nov 2008
Message Posted: Dec 25, 2012 5:00:08 AM

Merry Christmas to All!
Profile Pic
tomok
Champion Author Portland

Posts:42,462
Points:2,832,635
Joined:Aug 2006
Message Posted: Dec 25, 2012 12:45:50 AM

Shale boom that began in Texas is causing worldwide stir. Fracking, horizontal drilling, underground water pollution and selling it on the world market for higher prices – what could Big Gas do better than this?
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! These resources are Not to be exported without taking care of the domestic market first.
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
More Refineries are Not the answer, Stop exporting fuel is!
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Dec 24, 2012 6:52:39 PM


Nice article, thanks for posting!
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,393
Points:2,096,990
Joined:Nov 2008
Message Posted: Dec 24, 2012 4:26:07 AM

miser: Amen!
Profile Pic
dvrm9
Veteran Author Alberta

Posts:284
Points:381,055
Joined:Jun 2012
Message Posted: Dec 23, 2012 9:10:42 PM

Western Canada all ready has several working shale plays. Not that new.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,676
Points:1,014,315
Joined:Nov 2011
Message Posted: Dec 23, 2012 9:08:44 PM

News to keep an eye on.
Profile Pic
miser709
Champion Author Grand Rapids

Posts:1,278
Points:1,511,625
Joined:Mar 2004
Message Posted: Dec 23, 2012 9:06:26 PM

Greed will drive us all to extinction.
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,223
Points:883,230
Joined:Jan 2012
Message Posted: Dec 23, 2012 9:02:43 PM

okay.
Profile Pic
SkooterG
Champion Author Phoenix

Posts:2,904
Points:765,740
Joined:May 2012
Message Posted: Dec 23, 2012 9:02:32 PM

It will be interesting to see how this all shakes out in a worldwide way.
Profile Pic
bills299
Champion Author Atlanta

Posts:5,584
Points:1,384,635
Joined:May 2005
Message Posted: Dec 23, 2012 9:02:10 PM

Sweet!
Profile Pic
bearzz
Champion Author California

Posts:3,664
Points:889,840
Joined:Mar 2011
Message Posted: Dec 23, 2012 8:58:30 PM

OK
Profile Pic
texashoudini
Champion Author Austin

Posts:3,696
Points:1,505,650
Joined:Jun 2009
Message Posted: Dec 23, 2012 8:56:30 PM

Sounds typical, Texas leading the stir......
Profile Pic
jrsva
Champion Author Virginia

Posts:12,327
Points:2,100,125
Joined:Jan 2006
Message Posted: Dec 23, 2012 8:53:39 PM

“. . . it will have economic and political ramifications worldwide.”

Wonder if it will have environmental consequences.
I’m still nervous about all of the crap they are pumping into the ground.
Profile Pic
leraar2
Champion Author Massachusetts

Posts:6,000
Points:1,266,845
Joined:Mar 2011
Message Posted: Dec 23, 2012 8:52:40 PM

ok
Profile Pic
abacus44
Champion Author Toms River

Posts:5,601
Points:1,225,240
Joined:Jan 2011
Message Posted: Dec 23, 2012 8:52:14 PM

It was sure to catch on.
Profile Pic
goodbuy
Champion Author Michigan

Posts:9,841
Points:1,894,615
Joined:May 2005
Message Posted: Dec 23, 2012 8:48:11 PM

Good for Texas.
Profile Pic
LQQKGAS
Champion Author Phoenix

Posts:4,871
Points:1,670,790
Joined:Oct 2009
Message Posted: Dec 23, 2012 8:47:15 PM


We were told in the 1980's when gas was .99¢ that shale oil was too expensive to extract. Now that gas is $3 to $4 it is worth extracting at the cost of fracking up the environment.

[Edited by: LQQKGAS at 12/23/2012 11:48:25 PM EST]
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,076
Points:2,337,910
Joined:Aug 2005
Message Posted: Dec 23, 2012 8:40:37 PM

Where there is will there is a way
Profile Pic
pleinyeux
Champion Author Montreal

Posts:2,688
Points:652,710
Joined:Oct 2012
Message Posted: Dec 23, 2012 8:39:25 PM

Not Sure
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,714
Points:1,004,975
Joined:Jul 2011
Message Posted: Dec 23, 2012 8:33:37 PM

Good for America.
Profile Pic
MG_Sputnik
Champion Author Philadelphia

Posts:9,443
Points:2,441,200
Joined:Apr 2006
Message Posted: Dec 23, 2012 8:32:50 PM

Sounds like a plan.
Profile Pic
CivicMA
Champion Author Boston

Posts:4,210
Points:1,019,650
Joined:Jun 2011
Message Posted: Dec 23, 2012 8:31:36 PM

Let's go for it and help our citizens out!
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,039
Points:2,950,855
Joined:Oct 2005
Message Posted: Dec 23, 2012 8:30:35 PM

Go Texas.
Profile Pic
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Dec 23, 2012 8:28:03 PM

YESSSS!!
Profile Pic
hamdriver
Champion Author Lansing

Posts:5,506
Points:1,855,360
Joined:Feb 2008
Message Posted: Dec 23, 2012 8:26:13 PM

Sure
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,286
Points:1,295,440
Joined:Sep 2009
Message Posted: Dec 23, 2012 8:24:47 PM

just keep it here, don't sell out!1
Profile Pic
Dragnet
Champion Author Arizona

Posts:17,767
Points:3,379,580
Joined:Jul 2004
Message Posted: Dec 23, 2012 8:21:28 PM

Stir it up, ring around the pot, keep em guessing
Profile Pic
Vette1967
Champion Author Albany

Posts:8,239
Points:1,762,995
Joined:Jun 2009
Message Posted: Dec 23, 2012 8:20:58 PM

Good to be back on top for a change. We still need to seek other alternative energy sources too.
Profile Pic
drewsworld
Sophomore Author Los Angeles

Posts:246
Points:24,700
Joined:Aug 2012
Message Posted: Dec 23, 2012 8:20:22 PM

ok
Profile Pic
mstearno
Champion Author Dayton

Posts:9,418
Points:2,131,935
Joined:Jan 2008
Message Posted: Dec 23, 2012 8:16:49 PM

good for us
Profile Pic
granitestater
Champion Author New Hampshire

Posts:11,501
Points:1,906,030
Joined:Oct 2008
Message Posted: Dec 23, 2012 8:13:50 PM

Still too easy to find fossil fuels deposits for "green" energy sources to a viable option on the open market.
Profile Pic
BREW9
Champion Author Tampa

Posts:3,144
Points:3,397,815
Joined:Jun 2004
Message Posted: Dec 23, 2012 8:12:11 PM

ok
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,347
Points:1,154,720
Joined:Jun 2011
Message Posted: Dec 23, 2012 8:10:17 PM

Crazy ness.
Profile Pic
Tiernan
Champion Author Chicago

Posts:5,684
Points:1,303,780
Joined:Sep 2005
Message Posted: Dec 23, 2012 8:09:53 PM

Who will this really benefit though?
Profile Pic
Amtrgas
Champion Author Oakland

Posts:2,779
Points:2,029,545
Joined:Dec 2007
Message Posted: Dec 23, 2012 8:09:50 PM

Big things come out of Texas.
Profile Pic
Pointtx
Champion Author Austin

Posts:5,418
Points:1,185,200
Joined:Mar 2011
Message Posted: Dec 23, 2012 8:09:36 PM

Ok.
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,154
Points:2,051,765
Joined:Nov 2008
Message Posted: Dec 23, 2012 8:09:26 PM

We need to use more natural gas
Profile Pic
pcwhiz5385
Sophomore Author Georgia

Posts:113
Points:51,960
Joined:May 2012
Message Posted: Dec 23, 2012 8:09:21 PM

as long as it helps the US economy, i'm all for it
Profile Pic
Marson
Champion Author Scranton

Posts:11,154
Points:2,553,850
Joined:Oct 2006
Message Posted: Dec 23, 2012 8:06:42 PM

This is probably one of the best things t happen to the U S in a long time.
Profile Pic
John747
Champion Author Chicago

Posts:513,195
Points:4,111,985
Joined:Aug 2001
Message Posted: Dec 23, 2012 8:05:42 PM

Amazing how when you have a large increase in worldwide supply that the price drops. Whoda thunk it???
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,409
Points:1,665,115
Joined:May 2006
Message Posted: Dec 23, 2012 8:04:14 PM

Keep looking....
Profile Pic
gbs1
Champion Author Minnesota

Posts:4,276
Points:1,229,725
Joined:Mar 2011
Message Posted: Dec 23, 2012 8:03:36 PM

One good result of the shale boom is reduced reliance on the Middle East
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,402
Points:1,055,800
Joined:Sep 2011
Message Posted: Dec 23, 2012 8:02:51 PM

Great post by rjoeh!!!! Merry Christmas to all!!!!
Profile Pic
wang91554
Champion Author San Jose

Posts:5,373
Points:1,677,795
Joined:May 2009
Message Posted: Dec 23, 2012 8:02:19 PM

and so it is
Profile Pic
scubadaniel
Champion Author Dayton

Posts:3,594
Points:1,173,305
Joined:Jan 2011
Message Posted: Dec 23, 2012 8:02:00 PM

Git er done.
Profile Pic
rjoeh
Champion Author Michigan

Posts:9,351
Points:2,955,575
Joined:Jun 2004
Message Posted: Dec 23, 2012 7:56:59 PM

With the additional oil and gas hitting the market... we might just get lucky and see world oil and gas prices continue to go down as long as no one starts another stupid war over ideologies.
Profile Pic
TheDix
Champion Author Ontario

Posts:3,530
Points:801,030
Joined:Dec 2009
Message Posted: Dec 23, 2012 7:53:38 PM


Not doing much for the economy yet.
Profile Pic
camel1
Champion Author Minnesota

Posts:10,495
Points:2,740,190
Joined:Jul 2006
Message Posted: Dec 23, 2012 7:52:37 PM

American ingenuity with a global impact How great!
Profile Pic
barbs24
Champion Author Virginia Beach

Posts:5,127
Points:2,515,650
Joined:Feb 2006
Message Posted: Dec 23, 2012 7:48:34 PM

We need to keeping looking at other options
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,316,515
Joined:Jun 2006
Message Posted: Dec 23, 2012 7:47:40 PM

This has caused a seismic shift in the idea that we are running out of fossil fuels.
Post a reply Back to Topics