http://www.forbes.com/sites/davidblackmon/2013/05/22/the-perplexing...
What we can hope is that the opening of new markets for U.S. natural gas can help stabilize the price at or slightly above its current level, at which most shale gas wells are economic to drill. That will result in the activation of more natural gas drilling rigs, renewed activity in dry gas plays like the Haynesville Shale, that have gone largely dormant due to extremely low prices, and the creation of thousands more jobs and generation of billions more dollars in royalty payments and state and local tax collections.
...this all sounds good to me.
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Blackmon is well experienced in the O&G field. He's absolutely right - we need to get this debate beyond the simplistic "consumers will pay more" - they won't because we have so much shale gas!
It's really a smokescreen to slow development. However, it cannot be slowed for long. There are reasonable environmental concerns but the long term promise of shale gas (and oil) is too great to pass up. Americans will gain in the long run. We should be exporting this stuff ASAP.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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