It will help drive world energy prices down, it will begin to neuter the middle east as energy king, disenfranchise the new muslim brotherhood nations, and begin to transform our economy into gas driven rather than oil driven. It's carbon neutral to boot, so the greens are (for the moment) neutralized! That's a huge change, one that will bring new industry, the car companies are all racing to develop this new resource under the radar, competing with each other to the first and best. They are shipping this overseas as well, by tankers.
Trust me, I understand that if anyone could f this up, it's our current administration, but this is for real, and it's not going away.
If each continent were energy self-sufficient, the price of energy is likely to stabilize, although probably not go down a great deal, since the new methods inherently have a higher cost of production.
What it will do is neuter the Arabs. Their power came from their potential ability to shut the oil off, not so much because of the high prices.
It's carbon neutral to boot, so the greens are (for the moment) neutralized!
Nope, it isn't. Nat gas is lower carbon not carbon neutral. It releases roughly 50% the carbon of oil or coal, as I understand it, for an equivalent amount of energy.