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"Shale gas, which accounted for only 1 percent of the U.S. natural gas supply in 2000, represents 20 percent today and could grow to 50 percent by 2035, according to a March report by IHS-Cambridge Energy Research Associates."
1 posted on 12/20/2010 12:44:04 PM PST by epithermal
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To: epithermal

And, the outlook for anything but $4 gas is pretty bleak.
Good if you’re a consumer or manufacturer. Not so good if you’re selling gas.
Terrible if you have a replacement product.


2 posted on 12/20/2010 12:47:55 PM PST by Eric in the Ozarks (Impeachment !)
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To: epithermal
Even the Obama administration backs increased domestic natural gas production. But what's happening now is regulators at all levels are putting up barriers to technology--"fracking"--that has been used safely for decades.
3 posted on 12/20/2010 12:56:33 PM PST by seanhackbarth
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To: epithermal
NYS Governor Patterson, in his last few days in office, has issued a ban on this type of drilling.

Too bad the news of environmentally friendly drilling fluid did not reach his desk or maybe it did and like a good communist democrat (redundant I know) chose to ignore it.

4 posted on 12/20/2010 12:56:33 PM PST by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: thackney

Ping.


5 posted on 12/20/2010 12:58:33 PM PST by Army Air Corps (Four fried chickens and a coke)
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