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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


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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
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 25, 2012 5:00:08 AM

Merry Christmas to All!
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tomok
Champion Author Portland

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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......
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 24, 2012 6:52:39 PM


Nice article, thanks for posting!
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 24, 2012 4:26:07 AM

miser: Amen!
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dvrm9
Veteran Author Alberta

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Message Posted: Dec 23, 2012 9:10:42 PM

Western Canada all ready has several working shale plays. Not that new.
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KrsnaDragon
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Message Posted: Dec 23, 2012 9:08:44 PM

News to keep an eye on.
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miser709
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Message Posted: Dec 23, 2012 9:06:26 PM

Greed will drive us all to extinction.
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cheaper0ON
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Message Posted: Dec 23, 2012 9:02:43 PM

okay.
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SkooterG
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Message Posted: Dec 23, 2012 9:02:32 PM

It will be interesting to see how this all shakes out in a worldwide way.
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bills299
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Message Posted: Dec 23, 2012 9:02:10 PM

Sweet!
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bearzz
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Message Posted: Dec 23, 2012 8:58:30 PM

OK
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texashoudini
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Message Posted: Dec 23, 2012 8:56:30 PM

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

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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.
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leraar2
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Message Posted: Dec 23, 2012 8:52:40 PM

ok
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abacus44
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Message Posted: Dec 23, 2012 8:52:14 PM

It was sure to catch on.
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goodbuy
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Message Posted: Dec 23, 2012 8:48:11 PM

Good for Texas.
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LQQKGAS
Champion Author Phoenix

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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]
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blazerbob91
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Message Posted: Dec 23, 2012 8:40:37 PM

Where there is will there is a way
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pleinyeux
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Message Posted: Dec 23, 2012 8:39:25 PM

Not Sure
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bvrbill
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Message Posted: Dec 23, 2012 8:33:37 PM

Good for America.
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MG_Sputnik
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Message Posted: Dec 23, 2012 8:32:50 PM

Sounds like a plan.
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CivicMA
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Message Posted: Dec 23, 2012 8:31:36 PM

Let's go for it and help our citizens out!
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mrbee
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Message Posted: Dec 23, 2012 8:30:35 PM

Go Texas.
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GigHarborHound
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Message Posted: Dec 23, 2012 8:28:03 PM

YESSSS!!
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hamdriver
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Message Posted: Dec 23, 2012 8:26:13 PM

Sure
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mcmonsta
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Message Posted: Dec 23, 2012 8:24:47 PM

just keep it here, don't sell out!1
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Dragnet
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Message Posted: Dec 23, 2012 8:21:28 PM

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

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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.
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drewsworld
Sophomore Author Los Angeles

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Message Posted: Dec 23, 2012 8:20:22 PM

ok
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mstearno
Champion Author Dayton

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Message Posted: Dec 23, 2012 8:16:49 PM

good for us
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granitestater
Champion Author New Hampshire

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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.
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BREW9
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Message Posted: Dec 23, 2012 8:12:11 PM

ok
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TheeRedRam
Champion Author Hartford

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Message Posted: Dec 23, 2012 8:10:17 PM

Crazy ness.
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Tiernan
Champion Author Chicago

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Message Posted: Dec 23, 2012 8:09:53 PM

Who will this really benefit though?
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Amtrgas
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Message Posted: Dec 23, 2012 8:09:50 PM

Big things come out of Texas.
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Pointtx
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Message Posted: Dec 23, 2012 8:09:36 PM

Ok.
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abcdMA
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Message Posted: Dec 23, 2012 8:09:26 PM

We need to use more natural gas
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pcwhiz5385
Sophomore Author Georgia

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Message Posted: Dec 23, 2012 8:09:21 PM

as long as it helps the US economy, i'm all for it
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Marson
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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.
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John747
Champion Author Chicago

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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???
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DrLyon
Champion Author Michigan

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Message Posted: Dec 23, 2012 8:04:14 PM

Keep looking....
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gbs1
Champion Author Minnesota

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Message Posted: Dec 23, 2012 8:03:36 PM

One good result of the shale boom is reduced reliance on the Middle East
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SparkieMi
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Message Posted: Dec 23, 2012 8:02:51 PM

Great post by rjoeh!!!! Merry Christmas to all!!!!
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wang91554
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Message Posted: Dec 23, 2012 8:02:19 PM

and so it is
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scubadaniel
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Message Posted: Dec 23, 2012 8:02:00 PM

Git er done.
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rjoeh
Champion Author Michigan

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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.
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TheDix
Champion Author Ontario

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Message Posted: Dec 23, 2012 7:53:38 PM


Not doing much for the economy yet.
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camel1
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Message Posted: Dec 23, 2012 7:52:37 PM

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

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Message Posted: Dec 23, 2012 7:48:34 PM

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

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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.
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