IIRC, I read an article a few months ago that Israel may even be able to get on this gravy train.
Imagine a world where almost all countries could produce enough oil to meet their own energy needs. Wow. The geopolitical ramifications are enormous.
BTW, regular was at $3.21 in my area on Memorial day. My daughter got back to Seattle from her visit with us the day before and said at Safeway there it was at $4.28.
That’s quite a disparity in price.
I work in the industry. There is enough gas and oil around the world for hundreds of years. The distribution of this energy means less reliance on one region over another.
The danger is with an explosive middle east and the rise of radical islam, a sudden elimination of oil profits from arab countries could turn the people towards radicals for salvation......a pattern seen throughout history.
Poland has great ‘fracking’ potential with shale gas reserves
http://articles.cnn.com/2012-05-28/world/world_europe_eye-on-poland-shale_1_shale-gas-fracking-natural-gas?_s=PM:EUROPE
May 28, 2012
Shale Gas Could Fracture Energy Market
http://blogs.wsj.com/source/2012/05/29/shale-gas-could-fracture-energy-market/
May 29, 2012
The Golden Age Of Gas
http://www.canadafreepress.com/index.php/article/46985
May 29, 2012
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Then we have:
IEA: Global best practices needed in shale gas boom
http://fuelfix.com/blog/2012/05/29/iea-global-best-practices-needed-in-shale-gas-boom/
May 29, 2012
They are so used to pissing money away that they won't be able to stop until they have pissed it all away.