Despite the hype about the shale gas revolution, the extraction cost of (onshore) conventional gas remains below that of shale gas.

Even so, the shale revolution across the Atlantic has been felt in diverse ways.

The shale energy revolution that started in the US is thus causing sweeping changes worldwide.

The big news in energy these days is the revolution in technology for tapping shale gas.

Even the much heralded shale gas revolution is a lot of hype 160 similar to the gold rushes and stock bubbles of the past. Shale gas wells deplete far more rapidly than conventional fields do.

Even the much heralded shale gas revolution is a lot of hype similar to the gold rushes and stock bubbles of the past.

The question today is whether a new upsurge of investment will come to our rescue. Optimists point to the shale energy revolution in the US.

Exploration is proceeding only hesitantly and shale gas production has not even started, prompting many observers to lament that Europe is about to miss the next energy revolution.

Whereas extraction of America s extensive reserves of natural gas was previously thought to be unfeasible, technologies such as hydraulic fracturing ( fracking ) have ushered in a shale gas revolution.

The US economy s road to recovery is being built on the shale gas revolution, a revived manufacturing sector, and a decline in the US budget deficit in GDP terms.

Shale Gas to the Rescue?

The Shale Revolution s Global Footprint

The United Kingdom has been reluctant to join the hydraulic fracturing (or fracking) revolution. Yet tapping the Bowland Shale could reignite the UK economy and deliver huge cuts in CO2 emissions.

pelting them with stones of shale ,

pelting them with stones of shale ,

The Bowland Shale, which lies beneath Lancashire and Yorkshire, contains 50 more gas than the combined reserves of two of the largest fields in the United States, the Barnett Shale and the Marcellus Shale.

Even more significant, however, are the differences in energy costs, which are now up to 50 lower in the US a gap that is likely to widen further as America s shale gas revolution continues.

Of course, no one should think that America s shale gas revolution (which has brought it to the brink of energy self sufficiency) means that its Bahrain based Fifth Fleet will lift anchor any time soon.

In principle, Mexico s economy should be benefiting from the same shale gas revolution that is providing a huge boost to the US, where natural gas prices are now less than one quarter of what Europeans pay.

Nor are earlier trade balances about to reemerge. America s trade position will be strengthened by the shale gas revolution, which promises energy self sufficiency, and by increases in productivity that auger further re shoring of manufacturing production.

America s shale gas industry grew by 45 annually from 2005 to 2010, and the share of shale gas in America s overall gas production grew from 4 to 24 .

Shale gas wells deplete far more rapidly than conventional fields do.

In Europe, shale energy resources have largely remained in the ground.

In particular, the shockwaves triggered by the shale energy revolution unleashed in the United States are reverberating globally. With the advent of hydraulic fracturing, or fracking, US oil production has risen by 30 , and gas production by 25 , in just five years.

In 2013, it was announced that Japan would be importing shale natural gas.

PRAGUE In late June, the British Geological Survey announced the world s largest shale gas field.

Shale gas could thus reduce dependency on OPEC oil and gas while reducing carbon emission.

Shale gas is abundant in Europe and North America, in contrast to oil and gas.

and We made its topmost part its nethermost , and rained on them stones of shale .

and We made its topmost part its nethermost , and rained on them stones of shale .

However, the rise of fracking should be viewed with caution Poorly managed fracking facilities can leak methane, a potent greenhouse gas and shale oil, to which many frackers are turning, is much more emissions intensive than shale gas.

With respect to climate change, however, the effects of greater reliance on shale gas are mixed.

It s as if we reacted to Fukushima by better handling gas emissions in oil shale projects.

By 2035, shale gas is projected to account for roughly one half of total US energy production.

Indeed, the Glorious Revolution enabled a revolution in finance.

Revolution.

Jorma Ollila, Chairman of Royal Dutch Shell, described the global map of major shale oil and gas deposits.

Shale gas could cut the cost of reducing CO2 seven times more while actually helping Europe s ailing economy.

The country has large oil shale and limestone deposits, along with forests that cover 48 of the land.

The most promising breakthrough may well be the discovery of huge reserves of shale gas all over the planet.

Malala s Revolution

Revolution background

Revolution 2.0?

The plan highlights the need to take advantage of the opportunities afforded by shale gas and newly discovered oil reserves.

Annual growth in shale gas production has increased from 17 between 2000 and 2006 to 48 between 2006 and 2010.