Some observations on the table, however, are quite revealing:
U.S. shale gas “reserves”, in other words “technically recoverable shale oil and shale gas resources” are nearly four times U.S. natural gas reserves.
U.S. shale oil reserves are one third more than U.S. crude oil reserves.
U.S. shale gas and shale oil reserves represent 14.9% and 14.3% respectively of world totals.
Mexico’s shale gas reserves are 43 times its natural gas reserves.
Argentina’s shale gas reserves are 71 times its natural gas reserves; and its shale oil reserves are nearly eleven times its crude oil reserves.
Brazil’s shale gas reserves are 15 times its natural gas reserves.
Paraguay, with no natural gas reserves, has 75 trillion cubic feet of shale gas reserves.
Venezuela has 15% less shale gas reserves than natural gas reserves; and shale oil reserves represent 4.5% of crude oil reserves.
France, with no natural gas reserves, has 137 trillion cubic feet of shale gas reserves.
Poland’s shale gas reserves represents 35 times those of its natural gas reserves.
Ukraine, with no natural gas reserves, has 128 trillion cubic feet of shale gas reserves.
Russia’s shale gas reserves represent nearly 25% of its natural gas reserves; and its shale oil “reserves” are 14% less than its crude oil reserves.
Turkey has 24 trillion cubic feet of shale gas reserves and 4.7 billion barrels of shale oil reserves, compared to no natural gas and crude oil reserves.
Algeria has four and a half times more reserves of shale gas than natural gas, and shale oil reserves are 47% of crude oil reserves.
South Africa has 390 trillion cubic feet of shale gas reserves compared to no natural gas reserves.
Australia’s reserves of shale gas are 3.3 times that of its natural gas reserves, and its shale oil reserves are four and a half times those of its crude oil reserves.
China’s shale gas reserves are ten times those of its natural gas reserves, and its shale oil reserves are nearly twice those of its crude oil reserves.
Pakistan’s shale gas reserves are four and a half times its natural gas reserves; and the country, with no crude oil reserves, has 9 billion barrels of shale oil
World reserves of shale gas are 18% more than world natural gas reserves, and world shale oil reserves are 20% of crude oil reserves.
World gas reserves are twice the size that they used to be.
The world's largest solar power plant, now live in Morocco, will eventually provide 1.1 million people with power and cut carbon emissions by 760,000 tons a year.
The $9 billion Noor Concentrated Solar Power (CSP) plant could eventually start exporting energy to the European market.
The Noor Concentrated Solar Power (CSP), paid for with funds approved by The World Bank, is located in the Souss-Massa-Drâa area in Morocco, about 6 miles from Ouarzazate town. It began operation on Thursday. While the World Bank and other development partners provided financial support, the Noor solar plant is a wholly Moroccan project.
NIPTON, Calif.--(BUSINESS WIRE)--Feb. 13, 2014-- NRG Energy, Inc. (NYSE:NRG), through its wholly owned subsidiary NRG Solar, LLC, today announced that the Ivanpah Solar Electric Generating System is now operational and delivering solar electricity to California customers. At full capacity, the facilityâ€™s trio of 450-foot high towers produces a gross total of 392 megawatts (MW) of solar power, enough electricity to provide 140,000 California homes with clean energy and avoid 400,000 metric tons of carbon dioxide per year, equal to removing 72,000 vehicles off the road.
The United States is moving away from the necessity to import large volumes of natural gas for its domestic requirements. Over the last few years it has become
possible to produce vast amounts of shale gas that was previously uneconomic to extract. Between 2007 and 2012, shale gas production in the U.S. rose from
1.3 trillion cubic feet to around 8.5 trillion cubic feet, and it now accounts for almost 35 percent of total U.S. gas production, a figure that is expected to rise to
nearly 50 percent by 2030. (1) This contrasts with the situation that existed just a decade ago when natural gas production in the United States was in decline:
at that time the Energy Information Administration (EIA) projected that in order to keep up with rising demand the country would need to import 26 percent
of its total natural gas consumption in 2020.
The combination of horizontal drilling and hydraulic fracturing, otherwise known as “fracking,” has allowed drillers to release natural gas from shale reserves
that had previously been uneconomic to exploit. According to the March 2013 analysis by The American Security Project, “The Geopolitical Implications of U.S.
Natural Gas Exports” (2), the enormous production has resulted in a glut of supply and rock-bottom prices, and producers hope to relieve the glut of natural
gas in the U.S. by exporting surplus production, taking advantage of higher prices around the world. However, the report points out the fact that under the
Natural Gas Act, first passed in 1938 and amended several times since, the export of natural gas is illegal without approval from the Secretary of Energy.
Fresh off a bounce in the polls, Hillary Clinton is promising to revitalize Pennsylvania communities hurt by a downturn in the coal and steel industries.
Jon Delano of KDKA-TV, part of CBS News, interviewed Clinton in Philadelphia on her policies for helping workers in these industries, and here is an extract:
JD: Can we bring back coal jobs as Donald Trump says? Can we bring back steel jobs?
HC: Well, we can certainly bring back steel jobs because once we really handle the unfair trade practices that have undercut our steel industry causing layoffs and plant closures, weâ€™re going to make it really clear to the rest of the world weâ€™re not sitting by and watching our steel industry go any further down.