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View Diary: Shale Gas Bubble About to Burst: Art Berman, Bill Powers (89 comments)

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  •  Here's the International Energy Agency (11+ / 0-)

    12-page pdf report on that:
    iea.org
    Quote from the Executive Summary-

    The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity – with less expensive gas and electricity prices giving industry a competitive edge – and steadily changing the role of North America in global energy trade.
    By around 2020, the United States is projected to become the largest global oil producer (overtaking Saudi Arabia until the mid-2020s) and starts to see the impact of new fuel-efficiency measures in transport. The result is a continued fall in US oil imports, to the extent that North America becomes a net oil exporter around 2030.

    -- We are just regular people informed on issues

    by mike101 on Thu Nov 22, 2012 at 08:33:34 PM PST

    [ Parent ]

    •  At what expense? (0+ / 0-)

      "By around 2020, the United States is projected to become the largest global oil producer..."

      If we (the U.S.) become the 'largest producer', will it be through the use of fracking and other undesirable (IMO) techniques?

      We should be much, much farther along the path of developing alternative energy sources both to preserve the environment and to conserve our natural resources.

      "We don't have village idiots any more; we have Republicans." - Positronicus

      by Maverick80229 on Fri Nov 23, 2012 at 05:57:27 AM PST

      [ Parent ]

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