Thursday, November 29, 2012

America's shale gas boom in a graphic

The recent discoveries and frenetic pace of exploration of shale gas reserves has prompted claims that it will usher in a renaissance in US manufacturing. Shale gas production in the United States has more than doubled since 2010 and natural gas prices have fallen steeply. This graphic captures this spectacular trend.

Whether it revives US manufacturing or not, these developments are certain to impact the global energy geo-politics.

1 comment:

Praveen Reddy said...

Though shale gas has been discovered in various places in India also, extraction of the same is an issue and which will take little more time to improve upon. By the time it improves, demand shoud rise. Whatever may happen to natural gas prices globally, but the natural gas prices in our country will show only upward trend