US Shale Gas Bubble is Set to Burst

25 10 2012

From Oil Price .com -

[snip] . . . . No, shale gas won’t entirely go away anytime soon. But expectations of continuing low prices (which drive business plans in the power generation industry and climate strategies in mainstream environmental organizations) are about to be dashed. And notions that the U.S. will become a major gas exporter, or that we will convert millions of cars and trucks to run on gas, now ring hollow.

One matter remains unclear: what’s the energy return on the energy invested (EROEI) in producing “fracked” shale gas? There’s still no reliable study. If the figure turns out to be anything like that of tight “fracked” oil from the North Dakota Bakken (6:1 or less, according to one estimate), then shale gas production will continue only as long as it can be subsidized by higher-EROEI conventional gas and oil. . . .

http://oilprice.com/Energy/Natural-Gas/US-Shale-Gas-Bubble-is-Set-to-Burst.html

Thanks to Solid Shale - F.C.

 

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