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    Monday
    Mar182013

    22,600 trillion cubic feet

    Been thinking about natural gas so much lately. It's such an interesting problem: what are we going to do with shale gas at various horizons. Domestically, we have a patchwork of legislation finding its way through various frameworks. CNBC reports that "natural gas is now being viewed as something of a panacea for much of what ails the world's largest economy — cheaper energy could make U.S. manufacturing globally competitive again".
    There's also strong support from industry trade groups and politicians to have a investment mind-set about the uses of the resource. I think about the various ways that natural gas vehicles of all kinds will be provided more fueling points at existing gas stations. Those gas stations are ripe for capital investment upgrades.


    Accenture's recent report on Lessons Learned In Water Management from U.S. Shale Gas Operations is rigorous research that "identifies key challenges countries and oil and gas operators need to address when developing shale gas resources." The map above is presented from the report on shale gas with an interesting aggregate estimate: "...the world’s technically recoverable gas resources...total...22,600 trillion cubic feet."
    The fact is that because "water [is] one of the key challenges that make the development of shale gas different from conventional gas," the oil and gas industry will require the cultivation of environmentally informed leadership and support staff to best move forward beyond the environmental requirements necessary to ensure clean air and water.