Tuesday, May 8, 2012

Is Shale Gas a Real Energy Solution?: The Serious Consequences of New Technologies to Explode Gas out of Shale Rock

There is a global rush to embrace a new technique to extract hydrocarbons from the Earth. From Germany to Poland and France, from China and above all in the USA where the technique of hydraulic fracturing of shale rocks is most developed, governments and major oil companies are producing huge volumes of shale gas.

A number of energy importing countries around the world are planning a major investment in extracting natural gas from their shale rock formations. The most ambitious plans are coming from China and from Poland in the EU. Germany is also heatedly debating the technique.

The US Government’s Department of Energy together with a Washington energy consultancy has just released a mammoth global report estimating resources of shale gas. Significantly, the report estimates that the largest untapped shale gas reserves worldwide lie in China. The study puts Poland and France at the top of the shale gas list in the EU. The rest of Europe they estimate has significant shale gas formations as well, though in smaller volumes where shale rock is present. Read More