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

IHS estimates that in 2012, developments in the shale energy industry increased households real disposable income by more than 1,200. Thus the shale revolution represents a huge stimulus for America, in terms of investment, exports, and a reduction in energy costs.

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.

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.

Shale Gas to the Rescue?

The Shale Revolution s Global Footprint

pelting them with stones of shale,

pelting them with stones of shale,

Europe, by contrast, is clearly lagging. 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.

It is understood that Chongqing currently owns 18 shale gas exploration rights established by Ministry of Land and Resources as the first domestic shale gas mining rights the Sinopec Fuling shale gas field.

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

And shale is not quite completely competent rock.

You exhibited a painting at the Shale Galleries.

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.

Another major revolution the communications revolution.

In the United States, the shale gas revolution, facilitated by the development of hydraulic fracturing ( fracking ), has brought prices to their lowest levels since natural gas gained prominence after the oil crises of the 1970s. With many more countries set to tap shale gas reserves over the next decade, this downward trend will most likely continue, helping to lower the price of electricity generation further.

The US has the largest recoverable shale gas reserves and the second largest recoverable shale oil reserves in the world. It also enjoys a technological lead in shale energy technologies, and it already has a vast network of pipelines, refineries, and ports in the energy sector that can be repurposed for shale gas and oil (though much more investment will be needed).

For instance, there is unconventional oil Tar Sands and Shale.

Two thirds of the world's shale is in the US.

Revolution!

The revolution this revolution is much bigger than that.

I am not in a position either to judge the quantitative impact of shale energy on the US economy and, via growth there, on the rest of the world, or to comment on its geopolitical consequences or net effect on carbon emissions. But it does seem to me that contemporary apostles of secular stagnation like Summers and Paul Krugman at least ought to be taking the shale energy revolution into account.

Technological advances and innovation have begun to turn the longstanding dream of energy independence into a reality. 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.

Oil shale reserves are expected to last for the next 30 years.

Malala s Revolution

By revolution,

... a revolution...

The revolution.

a revolution.

Shale gas is a clean energy resource. It is understood that the completion of the 10 billion cubic meter shale gas field will help cut 12 million tonnes of CO2 emission annually.

But now a new and powerful factor could change this dismal political equation shale gas, which is already having an important effect on the United States and its economy. With US natural gas prices down to just over 4 per million BTU (from 13 just a few years ago), even prudent analysts expect the shale energy revolution to increase America s potential economic growth and add as many as two million new jobs.

Europe s Juncker Revolution

Europe s Latest Revolution

Mexico s Second Revolution

China s Education Revolution

The Children s Revolution

Asia s Military Revolution

A Universal Revolution

Afghanistan s Feminist Revolution

Biomedicine s Democratic Revolution

Brazil s Economic Revolution

China s Banking Revolution

China s Connectivity Revolution

Food for Revolution