How Shale Gas Might Transform the Energy Markets

- June 28th, 2011

Uranium Stocks reports on a new report by the U.S. Energy Information Administration (EIA) about global shale gas potential.

Uranium Stocks reports on a new report by the U.S. Energy Information Administration (EIA) about global shale gas potential.

The market news is quoted as saying,

We all know that shale gas discoveries in America have altered the country’s gas picture dramatically – a twelvefold increase in production over the last decade has transformed the U.S. from an importer to a self-sufficient, natural-gas-loving nation, while also pushing natural gas prices way down. U.S. shale gas production increased by an average of 48% a year from 2006 to 2010, and output is expected to rise almost threefold between 2009 and 2035, according to the EIA’s latest Annual Energy Outlook

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