i ran across this WSJ article on shale gas and liked the exciting sounding title. the article does focus on the long term affects of the world wide abundance of shale gas and how it "could" reshape the world. it's worth a read..IMHO,
Very interesting article - I like the idea of no NG cartels that he mentioned. There's a similar, but much less detailed article on the E&P magazine side that might be interesting as well...
I also saw some articles on the Haynesville in this month's issue, but they're not available on the web yet...
thanks for the link cooper, i especially liked the economics aspect of the article. you mentioned NG cartels and i notice you work for an international firm, any first hand experience you can share?
hey cooper and bruce, here is a snip=it of a headline i ran across. i think it gives a little substance to the WSJ article.
"UN Stays Out of Israel-Lebanon Gas Dispute"
A week after the Leviathan partners announced the results of the well, Lebanon asked the UN to supervise the demarcation of Israel's maritime borders at O&G wells.
Thanks King John for the article. I have found a great overview of the situation there and have included the link. It also includes maps that maybe Cooper will find useful. By the way, Lebanon's government fell today-this will complicate things even further. I find this interesting and intend to follow what happens. Have a great day.
Thanks KJ, you have boosted my day. I feel "smart" now, because I said the same exact thing in a post here on GHS last month!! (to be honest, this WSJ writer said it better than I did)
Back in November I saw a crude map of worldwide shale resources I saw the potiential for shale to rein in OPEC and break the Russian stranglehold on smaller, poorer countries. Natural gas has the potential to break OPEC's stranglehold. It's the only fuel that can in the next 10 years.
However, look for folks to keep putting up news articles on how "dangerous" natural gas is and how nuclear energy is the "green" fuel of the future. BS! It takes 10-20 years just to analyise a site for a nuclear energy plant. OPEC members will read this WSJ article. They have a cartel for a reason and they will not want to give up control of the world's fuels.
I should also mention that I am very worried about the environmental hazards of our O&G companies running all over the world to drill for shale. CHK is in China and we all know how loose their environmental laws are. How about in African nations? Water is too important not to regulate.
Shale gas has the potential to improve the lives of millions of people. But, it could also wreck havoc on the water supplies of these countries. As much as I am a fan of NG, I am also a fan of science and careful drilling.
Folks, read the comments from the WSJ article and remember that the WSJ has a very conservative readership (even online) Look at how many of the comments are negative on NG and pro nuclear. I hope this link works, it may be a little long, but check out the article at least. Interestingly, not many of the comments relate to what a geopolitical game changer this is. One poster notes that Israel has found significant shale deposits.