Advertisement

February 15, 2013

Shale Energy Revolution Is Worth...$2.7 Trillion???

Russia Today, Russia Today


Google image

The global shale energy trend can boost world GDP by up to $2.7 trillion by 2035, according to a Price Waterhouse Coopers report. This would see oil prices drop by a third. However not everyone would benefit from such a trend.

The company has reviewed the long term impact of rapidly emerging shale energy production on the global energy sector and the economy and concluded global GDP can benefit from the emerging trend around 2.3-3.7% and reach $1.7-$2.7 trillion at current GDP values.

Read Full Article ››

TAGGED: shale gas

RECOMMENDED ARTICLES

February 11, 2013
Green Jobs, Black Men & Dirty Fracking Hope
Brentin Mock, Gawker
After an intense six-week training program, the only thing that stands between Aaron Alton and a $90,000 fracking job is a commercial driver's license. It's August of 2012. The job, at a natural gas drilling company, is Aaron's... more ››
February 11, 2013
Slate Throws Brakes on Shale Gravy Train
W.R. Mead, American Interest
An article in Slate is throwing the brakes on the shale train. University of Chicago Professor Raymond T. Pierrehumbert is critical of bullish predictions of America’s bright energy future. . . more ››
February 13, 2013
The Shale Gas Revolution Celebrates Its Birthday
John Kingston, Platts
George Mitchell, the father of the fracking revolution, is said to have joked that it took him 20 years to become an overnight success. He spent years attempting to marry hydraulic fracturing with horizontal drilling, and... more ››
February 11, 2013
Can New Tech Clean Up Frack Water?
John Roach, NBC News
A new water desalination technology may prove a savior for the oil and natural gas industries confronting growing concerns about the wastewater that flows to the surface in the months and years after a well is fracked. . . more ››
|