January 5, 2012

FASTER, PLEASE: Shale Gas Revolution Turns Tables On Oil Powers. “Countries that have always depended on imported oil and gas, like Chile, Paraguay, Poland or Ukraine, and especially heavy consumers such as the United States and China, could become self-sufficient in natural gas in the near future and even start exporting it. . . . But the real news from EIA studies is that shale gas is abundant in territories previously regarded as poor in fossil fuels or dependent on imports: China, the United States and Argentina head the list, but large reserves are also found in South Africa, Australia, Poland, France, Chile, Sweden, Paraguay, Pakistan and India.” Quick, Saudis, better fund some “environmental opposition” or all will be lost!

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