• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 hours Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 4 hours Tesla Launches Faster Third Generation Supercharger
  • 6 hours Passerby doused with flammable liquid and set on fire by peaceful protesters
  • 1 hour EU has already lost the Trump vs. EU Trade War
  • 8 hours Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
  • 3 hours China's Renewables Boom Hits the Wall
  • 20 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 14 hours Climate Change Consensus Shifts in Wind, But Gas Is Still the Right Move
  • 21 hours Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 19 hours Does .001 of Atmosphere Control Earth's Climate?!
  • 20 mins ''Err ... but Trump ...?'' #Humph
  • 19 hours Trump Interview On Farage's Radio Show #classy
The Science Behind Detecting A Wormhole

The Science Behind Detecting A Wormhole

Wormholes have always fascinated humans,…

Despite Controversy, China Embraces Shale Gas Extraction

According to China’s Ministry of Land and Resources, the government is preparing to declare shale gas a priority mineral.

In the West, particularly the United States, the practice of extracting shale natural gas via hydraulic fracturing, or “fracking,” is meeting increased resistance from environmentalists, as the process involves pumping liquids under high pressure underground to break apart geological formations entrapping the natural gas.
 
Environmentalists claim that the practice pollutes subterranean groundwater and that the exploratory companies are resisting releasing information on the chemical mix that they are injecting in the recovery process.
 
Shanghai Daily reported that in early 2011 the U.S. Energy Information Administration estimated that China potential shale gas reserves could exceed 36 trillion cubic meters of "technically recoverable" hydrocarbons, which, if verified, would be an amount almost 50 percent higher than the estimated current U.S. reserves.
 
China’s Ministry of Land and Resources, while more cautious than the EIA, nevertheless stated on its website that Chinese reserves could consist of 31 trillion cubic meters, citing an initial appraisal that covered 1.5 million square kilometers of shale-gas-rich areas.
 
Last month the Chinese government awarded China Petroleum and Chemical Corp, more familiarly known as Sinopec, and Henan Province Coal Seam Gas Development and Utilization exploration rights to two shale blocks in the country’s Sichuan Basin, an event which marked the start of commercial shale gas exploration in China along with governmental efforts to boost the use of the more environmentally friendly fuel.
 
By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play