ECON 4110 Chapter : Shale Gas Revolution
Document Summary
The once and future u. s. shale gas revolution: knowledge@wharton (http://knowledge. wharton. upenn. edu/article. cfm?articleid=3068) The once and future u. s. shale gas revolution. For multiple copies, custom reprints, e-prints, posters or plaques, please contact pars international: reprints@parsintl. com p. (212) 221-9595 x407. Over the last 10 years, the u. s. has emerged as a leading producer of shale gas. Thanks to innovative extraction techniques spearheaded by texas entrepreneur george p. mitchell, natural gas trapped in shale formations, previously too difficult and costly to recover, now provides a burgeoning domestic energy supply. Blessed with the world"s second-largest reserves (behind china), according to the u. s. energy. Information administration (eia), the u. s. suddenly has a vast new energy source that could help it reduce its reliance on foreign oil. "the real positives from shale gas are what it does for u. s. energy independence," says gary survis, a fellow at the university of pennsylvania/wharton school"s initiative for global environment leadership (igel).
