Natural gas is the cleanest, most versatile, and most flexible fossil fuel.

This all explains why gas today provides a rising 30 percent of the energy used in the rich OECD economies.

Now, the still developing countries – which constitute 85 percent of the global population – hope to follow the Western model in making a global “dash to gas.” China and India especially have national strategies to lower their overdependence on coal and lift gas’ 8 percent share of the energy supply to around 20 percent.

Since 2000, global gas reserves have expanded over 50 percent to 7,000 Tcf. In turn, total demand since 2010 alone has risen 25 percent to 380 Bcf/d. The rapidly growing LNG trade is encouraging more gas usage, evolving this longtime regional product into a global and fungible commodity like oil. LNG continues to extend its ~15 percent share of the world’s gas consumption by connecting distant suppliers and buyers. LNG investments hit $50 billion in 2019 alone, with hundreds of billions of dollars more on the horizon.

The U.S. shale revolution itself is at the heart of the global “dash to gas.” Over the past decade, U.S. gas production has risen over 60 percent to 93 Bcf/d. Excess supply has helped the U.S. become the third largest LNG supplier in just a few years, now shipping out over 7 Bcf/d. The growth of destination-flexible, hub-priced LNG exports from the U.S. is establishing a more liquid and flexible gas market. Along with advancing systems like FLNG, this is deepening the pool of importing nations, now at 45 versus 25 five years ago.

Read the full article here

If you have further questions, feel free to reach out to us here.
Source: rigzone.com

Shale Rail released plans to add an additional new track.

The Wysox location has the capacity to transload over 80,000 tons per month of frac sand.

 

 

Read the full article here
Source: northamericanshalemagazine.com

Texans are now voting on 10 amendments to the state constitution.

Proposition #4  deals with a state income tax.

Proposition #7 pertains to the permanent school fund, which invests revenue from state-owned lands — such as leasing mineral rights to oil and gas companies.

 

 

Read the full article here
Source: KTEN.com

Bureau of Land Management acting chief William Perry Pendley today slammed calls by some Democratic presidential contenders to ban oil and gas leasing on federal lands. Want to know more about the issue of banning oil?

“A tremendous amount of the energy we use every day, whether it’s gasoline or natural gas or oil, comes from federal lands. So much of the oil and gas comes from public lands,”

Pendley broadly stressed the importance of developing oil and natural gas resources on federal lands and waters despite criticisms that the Trump administration has placed energy development above all other priorities.

When asked at the panel session about the climate impacts of extracting fossil fuels from federal lands, Pendley said the economic value of developing resources is critical to rural Western communities, such as along the Western Slope.

“The development of these resources is the life’s blood for these people,” he said. “The most important environment for most people is, do they have a home? Can they provide fuel? Next, can they provide food? Can they provide the wherewithal for their families? And that means jobs. And the BLM and industry, whether it’s the recreational industry or the oil and gas industry, provides those jobs.”

Read the full article here
Source: eenews.net

If you have further questions about Banning oil and other issues, feel free to reach out to us here.

The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered.

“Watching our estimates for the Marcellus rise from 2 trillion, to 84 trillion, to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS director Jim Reilly.

 

 

Read the full article here
Source: kallanishenergy.com