Surprise! More gas coming


But suddenly the picture is radically changing. Welcome to hydraulic fracturing, or “fracking” — a long-known but recently much-improved technique for extracting gas from shale far below the Earth’s surface. This is not some future wizardry but a current development of huge significance. It is providing the world with gas at amazing speed. By deploying the new technology, gas producers in the United States are heading quickly toward producing all the gas that nation needs, with imports plummeting. Vast new facilities, like the Sabine Pass terminal in Texas, that were built to suck in shiploads of frozen gas (LNG) are virtually idle

Read more: Japan Times


January 28, 2010 - Posted by | Uncategorized | ,

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