• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 24 mins Tidal Power Closer to Commercialisation
  • 9 hours Why U.S. Growers Are Betting The Farm On Soybeans Amid China Trade War
  • 14 hours US-backed coup in Venezuela not so smooth
  • 23 hours BATTLE ROYAL: Law of "Supply and Demand". vs. OPEC/Saudi Oil Cartel
  • 52 mins Read: OPEC THREATENED TO KILL US SHALE
  • 6 hours Fisker Announces 'Mass Market' Electric SUV
  • 1 day Solar to Become World's Largest Power Source by 2050
  • 2 days Sounds Familiar: Netanyahu Tells Arab Citizens They’re Not Real Israelis
  • 2 days THE DEATH OF FOSSIL FUEL MARKETS
  • 24 hours Biomass, Ethanol No Longer Green
  • 2 days Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 2 days Can OPEC CUT PRODUCTION FOREVER?
Alt Text

LNG Sector Dangerously Dependent On Chinese Demand

Industry executives warned that the…

Alt Text

Qatar’s Ace-In-The-Hole Against The Saudi Boycott

Saudi Arabia’s boycott against Qatar…

Al Fin

Al Fin

Al Fin runs a number of very successful blogs that cover, energy, technology, news and politics.

More Info

Trending Discussions

EIA Releases Worldwide Shale Gas Resource Report

The US EIA has released a 350 page report (51 MB PDF Download) assessing the world shale gas resources (for 32 selected nations). While the huge US shale gas bonanza is well known, the wealth of shale gas in the rest of the world was not as widely known prior to the publishing of this report.

Estimated Global Shale Gas Resources

As the technology and expertise for developing this resource spreads out from North America to Europe, Asia, South America, and Oceania, we can expect the global energy equation to change drastically -- just as it has changed recently within the US and Canada.

The location of these resources -- inside nations not typically known for their vast hydrocarbon deposits -- is a huge reason why shale gas will shake the established energy order to its foundations.

The initial estimate of technically recoverable shale gas resources in the 32 countries examined is 5,760 trillioncubic feet, as shown in Table 1. Adding the U.S. estimate of the shale gas technically recoverable resources of 862 trillion cubic feet results in a total shale resource base estimate of 6,622 trillion cubic feet for the United States and the other 32 countries assessed. To put this shale gas resource estimate in some perspective, world proven reserves5of natural gas as of January 1, 2010 are about 6,609 trillion cubic feet,6 and world technically recoverable gas resources are roughly 16,000 trillion cubic feet,7largely excluding shale gas. Thus, adding the identified shale gas resources to other gas resources increases total world technically recoverable gas resources by over 40 percent to 22,600 trillion cubic feet. _USEIA Report Summary

By. Al Fin




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News