shale gas Tag

Shale gas has the potential to revolutionize the world energy market. The United States has lead the way in the extraction of this fossil fuel with the increased utilization of a controversial technique called hydraulic fracturing, or fracking. As a result, in the last decade the country’s production of shale gas has jumped twelve-fold to 4.9 trillion cubic feet. Previously an importer of liquefied natural gas, the United States may soon become an exporter. Due to the viability of exploiting shale gas, the nation’s conventional and unconventional natural gas reserves have risen to 2,552 trillion cubic feet—equivalent to Kuwait and Iran’s combined proven oil reserves.