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View Diary: Shale Gas Bubble Bursting: Report Debunks "100 Years" Claim for Domestic Unconventional Oil and Gas (15 comments)

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  •  Having trouble with this argument (6+ / 0-)

    I attend energy conferences and what industry people are saying to industry people is not what this diary is claiming, and this is in meetings where frank discussions about peak oil and the unreliability of national estimates regarding petroleum reserves are openly discussed and debated.

    Moreover, the diary is missing an important point: shale gas production isn't just an American phenomenon: other countries are actively pursuing it, which means they require less imports for their own uses (which negates part of the argument made above about exports sucking it all) while other nations which are not now considered major energy producers have the potential to enter the market because of their reserves, again decreasing the need for exports.

    •  I should also mention... (0+ / 0-)

      ...that the shale gas boom has effected the economics of many planned projects. Until just five or so years ago there was planning for more LPG terminals, the Mackenzie Valley pipeline, gas production in the Canadian High Arctic, and all other sorts of big infrastructure projects.

      Right now no one is looking at these projects seriously. Any that are in the planning or regulatory phases have stalled because the companies have no interest in pushing these expensive projects due to the sudden influx of shale gas. The interest in the Arctic these days is for oil, not gas (the demand for which shale can't supply). And the companies which have shelved these projects include those not involved in shale gas themselves, so it's not like they're trying to pull a con.

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