In a new note, Standard and Poor RatingsDirect's Peter Rigby says shale gas actually given the U.S. a tremendous amount of political leverage.
Shale Works for US was launched to give a voice to the U.S. businesses and industries that believe in promoting production of natural gas and oil from shale formations to boost our economy, create jobs and secure America’s energy future.
The United States is blessed with one of the largest supplies of energy resources in the world. Since its inception, the Institute for 21st Century Energy has been focused on moving the federal government to embrace policies that harness all of our domestic energy sources, from coal and natural gas to renewables and nuclear and everything in between, to fuel economic growth and secure our energy future.
In 2012 as part of this effort, we launched Shale Works for US to give a voice to the U.S. businesses and industries that believe in promoting production of natural gas and oil from shale formations to boost our economy, create jobs and secure America’s energy future. We do not represent any one business or industry. Rather, we believe shale changes the economics of America, and thus we represent businesses large and small that stand to gain from tangible economic growth, not to mention energy security, promised by shale development.
Roll over each state to see the economic benefits of shale energy over the next 20 years.
In a new note, Standard and Poor RatingsDirect's Peter Rigby says shale gas actually given the U.S. a tremendous amount of political leverage.
The EIA now estimates more than 340 billion barrels of oil and almost 7.3 trillion cubic feet of natural gas.
U.S. oil production grew at the fastest pace since BP Plc (BP/) started keeping records in 1965 on unconventional sources such as shale and tight oil.
The United States has been the dominant player in the shale revolution until now, but new estimates of the world’s potential shale resources show that Russia, China and developing countries such as Argentina and Algeria could be the biggest winners in the future.
Technological advances to harness shale resources will curb OPEC’s influence in the oil market and cap crude prices at $120 a barrel, said Nansen Saleri, former head of reservoir management at Saudi Arabian Oil Co.
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