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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

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 25, 2012 5:00:08 AM Ignore honda0105 Report Abuse Merry Christmas to All!
tomok Champion Author Portland Posts:33,606 Points:2,374,185 Joined:Aug 2006	Message Posted: Dec 25, 2012 12:45:50 AM Ignore tomok Report Abuse 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......
LetemEatCake Champion Author Oklahoma City Posts:5,671 Points:1,230,030 Joined:Mar 2008	Message Posted: Dec 24, 2012 6:52:39 PM Ignore LetemEatCake Report Abuse Nice article, thanks for posting!
honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Dec 24, 2012 4:26:07 AM Ignore honda0105 Report Abuse miser: Amen!
dvrm9 Sophomore Author Alberta Posts:159 Points:138,410 Joined:Jun 2012	Message Posted: Dec 23, 2012 9:10:42 PM Ignore dvrm9 Report Abuse Western Canada all ready has several working shale plays. Not that new.
KrsnaDragon Champion Author Montreal Posts:2,552 Points:559,225 Joined:Nov 2011	Message Posted: Dec 23, 2012 9:08:44 PM Ignore KrsnaDragon Report Abuse News to keep an eye on.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,094,825 Joined:Mar 2004	Message Posted: Dec 23, 2012 9:06:26 PM Ignore miser709 Report Abuse Greed will drive us all to extinction.
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Dec 23, 2012 9:02:43 PM Ignore cheaper0ON Report Abuse okay.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Dec 23, 2012 9:02:32 PM Ignore SkooterG Report Abuse It will be interesting to see how this all shakes out in a worldwide way.
bills299 Champion Author Atlanta Posts:3,506 Points:932,190 Joined:May 2005	Message Posted: Dec 23, 2012 9:02:10 PM Ignore bills299 Report Abuse Sweet!
bearzz Champion Author California Posts:1,573 Points:446,620 Joined:Mar 2011	Message Posted: Dec 23, 2012 8:58:30 PM Ignore bearzz Report Abuse OK
texashoudini Champion Author Austin Posts:2,683 Points:1,118,135 Joined:Jun 2009	Message Posted: Dec 23, 2012 8:56:30 PM Ignore texashoudini Report Abuse Sounds typical, Texas leading the stir......
jrsva Champion Author Virginia Posts:10,004 Points:1,641,675 Joined:Jan 2006	Message Posted: Dec 23, 2012 8:53:39 PM Ignore jrsva Report Abuse “. . . 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.
leraar2 Champion Author Massachusetts Posts:3,904 Points:815,380 Joined:Mar 2011	Message Posted: Dec 23, 2012 8:52:40 PM Ignore leraar2 Report Abuse ok
abacus44 Champion Author Toms River Posts:3,605 Points:774,765 Joined:Jan 2011	Message Posted: Dec 23, 2012 8:52:14 PM Ignore abacus44 Report Abuse It was sure to catch on.
goodbuy Champion Author Michigan Posts:7,811 Points:1,450,330 Joined:May 2005	Message Posted: Dec 23, 2012 8:48:11 PM Ignore goodbuy Report Abuse Good for Texas.
LQQKGAS Champion Author Phoenix Posts:2,770 Points:1,222,675 Joined:Oct 2009	Message Posted: Dec 23, 2012 8:47:15 PM Ignore LQQKGAS Report Abuse 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]
blazerbob91 Champion Author Milwaukee Posts:6,285 Points:1,910,995 Joined:Aug 2005	Message Posted: Dec 23, 2012 8:40:37 PM Ignore blazerbob91 Report Abuse Where there is will there is a way
pleinyeux All-Star Author Montreal Posts:923 Points:228,080 Joined:Oct 2012	Message Posted: Dec 23, 2012 8:39:25 PM Ignore pleinyeux Report Abuse Not Sure
bvrbill Champion Author Eugene Posts:3,445 Points:546,325 Joined:Jul 2011	Message Posted: Dec 23, 2012 8:33:37 PM Ignore bvrbill Report Abuse Good for America.
MG_Sputnik Champion Author Philadelphia Posts:7,439 Points:1,988,570 Joined:Apr 2006	Message Posted: Dec 23, 2012 8:32:50 PM Ignore MG_Sputnik Report Abuse Sounds like a plan.
CivicMA Champion Author Boston Posts:2,040 Points:563,470 Joined:Jun 2011	Message Posted: Dec 23, 2012 8:31:36 PM Ignore CivicMA Report Abuse Let's go for it and help our citizens out!
mrbee Champion Author Little Rock Posts:3,898 Points:2,494,285 Joined:Oct 2005	Message Posted: Dec 23, 2012 8:30:35 PM Ignore mrbee Report Abuse Go Texas.
GigHarborHound Champion Author Tacoma Posts:2,674 Points:515,215 Joined:Sep 2011	Message Posted: Dec 23, 2012 8:28:03 PM Ignore GigHarborHound Report Abuse YESSSS!!
hamdriver Champion Author Lansing Posts:3,496 Points:1,401,540 Joined:Feb 2008	Message Posted: Dec 23, 2012 8:26:13 PM Ignore hamdriver Report Abuse Sure
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,470 Joined:Sep 2009	Message Posted: Dec 23, 2012 8:24:47 PM Ignore mcmonsta Report Abuse just keep it here, don't sell out!1
Dragnet Champion Author Arizona Posts:15,553 Points:2,935,485 Joined:Jul 2004	Message Posted: Dec 23, 2012 8:21:28 PM Ignore Dragnet Report Abuse Stir it up, ring around the pot, keep em guessing
Vette1967 Champion Author Albany Posts:6,112 Points:1,304,675 Joined:Jun 2009	Message Posted: Dec 23, 2012 8:20:58 PM Ignore Vette1967 Report Abuse Good to be back on top for a change. We still need to seek other alternative energy sources too.
drewsworld Sophomore Author Los Angeles Posts:240 Points:19,605 Joined:Aug 2012	Message Posted: Dec 23, 2012 8:20:22 PM Ignore drewsworld Report Abuse ok
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Dec 23, 2012 8:16:49 PM Ignore mstearno Report Abuse good for us
granitestater Champion Author New Hampshire Posts:8,987 Points:1,459,425 Joined:Oct 2008	Message Posted: Dec 23, 2012 8:13:50 PM Ignore granitestater Report Abuse Still too easy to find fossil fuels deposits for "green" energy sources to a viable option on the open market.
BREW9 Champion Author Tampa Posts:1,025 Points:2,940,635 Joined:Jun 2004	Message Posted: Dec 23, 2012 8:12:11 PM Ignore BREW9 Report Abuse ok
TheeRedRam Champion Author Hartford Posts:3,308 Points:701,310 Joined:Jun 2011	Message Posted: Dec 23, 2012 8:10:17 PM Ignore TheeRedRam Report Abuse Crazy ness.
Tiernan Champion Author Chicago Posts:3,620 Points:847,525 Joined:Sep 2005	Message Posted: Dec 23, 2012 8:09:53 PM Ignore Tiernan Report Abuse Who will this really benefit though?
Amtrgas Champion Author Oakland Posts:2,678 Points:1,645,720 Joined:Dec 2007	Message Posted: Dec 23, 2012 8:09:50 PM Ignore Amtrgas Report Abuse Big things come out of Texas.
Pointtx Champion Author Austin Posts:3,366 Points:749,330 Joined:Mar 2011	Message Posted: Dec 23, 2012 8:09:36 PM Ignore Pointtx Report Abuse Ok.
abcdMA Champion Author Worcester Posts:8,057 Points:1,601,705 Joined:Nov 2008	Message Posted: Dec 23, 2012 8:09:26 PM Ignore abcdMA Report Abuse We need to use more natural gas
pcwhiz5385 Sophomore Author Georgia Posts:113 Points:51,460 Joined:May 2012	Message Posted: Dec 23, 2012 8:09:21 PM Ignore pcwhiz5385 Report Abuse as long as it helps the US economy, i'm all for it
Marson Champion Author Scranton Posts:9,087 Points:2,105,860 Joined:Oct 2006	Message Posted: Dec 23, 2012 8:06:42 PM Ignore Marson Report Abuse This is probably one of the best things t happen to the U S in a long time.
John747 Champion Author Chicago Posts:474,705 Points:3,653,585 Joined:Aug 2001	Message Posted: Dec 23, 2012 8:05:42 PM Ignore John747 Report Abuse Amazing how when you have a large increase in worldwide supply that the price drops. Whoda thunk it???
DrLyon Champion Author Michigan Posts:6,769 Points:1,239,365 Joined:May 2006	Message Posted: Dec 23, 2012 8:04:14 PM Ignore DrLyon Report Abuse Keep looking....
gbs1 Champion Author Minnesota Posts:2,146 Points:770,525 Joined:Mar 2011	Message Posted: Dec 23, 2012 8:03:36 PM Ignore gbs1 Report Abuse One good result of the shale boom is reduced reliance on the Middle East
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Dec 23, 2012 8:02:51 PM Ignore SparkieMi Report Abuse Great post by rjoeh!!!! Merry Christmas to all!!!!
wang91554 Champion Author San Jose Posts:3,310 Points:1,229,585 Joined:May 2009	Message Posted: Dec 23, 2012 8:02:19 PM Ignore wang91554 Report Abuse and so it is
scubadaniel Champion Author Dayton Posts:1,556 Points:719,525 Joined:Jan 2011	Message Posted: Dec 23, 2012 8:02:00 PM Ignore scubadaniel Report Abuse Git er done.
rjoeh Champion Author Michigan Posts:7,212 Points:2,497,540 Joined:Jun 2004	Message Posted: Dec 23, 2012 7:56:59 PM Ignore rjoeh Report Abuse 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.
TheDix Champion Author Ontario Posts:3,109 Points:607,360 Joined:Dec 2009	Message Posted: Dec 23, 2012 7:53:38 PM Ignore TheDix Report Abuse Not doing much for the economy yet.
camel1 Champion Author Minnesota Posts:8,415 Points:2,295,290 Joined:Jul 2006	Message Posted: Dec 23, 2012 7:52:37 PM Ignore camel1 Report Abuse American ingenuity with a global impact How great!
barbs24 Champion Author Virginia Beach Posts:3,282 Points:2,068,455 Joined:Feb 2006	Message Posted: Dec 23, 2012 7:48:34 PM Ignore barbs24 Report Abuse We need to keeping looking at other options
suzmar Champion Author Texas Posts:2,224 Points:897,080 Joined:Jun 2006	Message Posted: Dec 23, 2012 7:47:40 PM Ignore suzmar Report Abuse This has caused a seismic shift in the idea that we are running out of fossil fuels.