Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (70070)	8/3/2008 2:40:30 PM
From: Snowshoe	Read Replies (1) of 74559

>>Oil will keep dropping too, because other ways of getting energy are much cheaper.<< Here in the USA we're having a major BOOM in what's call "unconventional" natural gas. This includes gas that's been locked away in coal beds, tight sands, and shale. The really hot story right now is shale gas. The well developers use hydraulic fracturing to open up the rock and get the gas to flow. North America has lots of this shale gas, and there is a growing buzz about switching our vehicles over to use this cheaper fuel... Study Finds Existing U.S. Natural Gas Supply Extends Into the 22nd Century Latest research shows rapidly increasing supply of natural gas — contradicting notion that the U.S. is running out Washington, D.C. (July 30, 2008) /PRNewswire/ – A comprehensive study released today by the American Clean Skies Foundation (ACSF) and Navigant Consulting, Inc. (NYSE:NCI) indicates the United States has 2,247 trillion cubic feet (Tcf) of natural gas reserves, which is enough to last more than 100 years. more: prnewswire.com

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