Recently, BP ruled itself out from drilling shale gas in the UK because it may “attract the wrong kind of public attention” . In 2013 new studies estimated huge shale potential in the United Kingdom, as much as 1,000 trillion cubic feet of shale gas. However, despite the strong push from Prime Minister David Cameron, … Continue reading DISCUSSION: What is the cost of keeping Europe’s shale in the ground?
Fracking is not a new technology, but the technological advances that have expanded its application to vast, previously unrecoverable reserves, have exposed it to significant new scrutiny. Since 2005, shale gas production has already reached 23% of United States total gas production, and that number is projected to continue to increase to 49% by 2035. … Continue reading DISCUSSION: How will the fracking wars end?
The pending decision on the Keystone XL Pipeline is perceived as a precedent-setter for defining the US government’s commitment to balancing the environment with economic development. Anti-Keystone protests at the White House are a very visible example of public environmental interest in the matter. These manifestations are particularly significant when tied to President Obama’s climate … Continue reading DISCUSSION: Pipelines or Rail? Implications of the new Keystone Report
Mexico’s energy reform signed last December by President Pena Nieto marks an important milestone for the country, opening oil and natural gas exploration and production not only to local, but also to foreign private companies. Private investment will be allowed through various schemes: profit sharing, production sharing and in the form of a license. For … Continue reading DISCUSSION: Mexico’s Energy Revolution: A win for whom?
The recent boom in shale oil and gas production in the US has dramatically improved the economic and energy security prospects on North America. Texas alone saw a 20% increase of its oil production in 2013, which was a record year for the US in terms of oil and gas production growth. However, recent claims … Continue reading DISCUSSION: What is the best leading indicator of shale production?