Through the agreements, China in particular has emerged as one of the biggest beneficiaries of cheap American natural gas that in the coming years will be piped to Gulf Coast plants and liquefied for shipment abroad in tankers. The unannounced deals, which amount to about 2 percent of daily U.S. supply, are not the first of their kind, and they depend on U.S. government approval to construct two new liquefied natural gas (LNG) plants.
The United States like it or not is on top for now:
The governments of Greece, Cyprus and Israel recently signed an energy accord that further strengthens their ties in respect to joint plans to exploit the natural gas resources of the region, while Turkey strives to become the ultimate destination for the onshore transfer of the commodity.
Greek Energy Minister Yannis Maniatis, his Cypriot counterpart Giorgos Lakkotrypis and Israeli Silvan Shalom signed a memorandum that stipulates the three states' joint cooperation in energy infrastructure and transportation, with a special focus on offshore gas projects, such as the Aphrodite in Cyprus and the Leviathan and Tamar in Israel. In the meantime, negotiations are under way to resolve the frozen Cyprus issue between the Greek and Turkish sides, and reports suggest that all interested sides have put natural gas on the table.
Hydraulic fracturing has become a contentious environmental and health issue with Tunisia and France banning the practice and a moratorium in place in Quebec (Canada), and some of the states of the US.
http://www.worldpress.org/link.cfm?http://worldpress.org/link.cfm?http://feeds.reuters.com/~r/reuters/businessNews/~3/Ir_NIRZXQfg/story01.htm Exclusive: World buyers line up to buy U.S. natural gas: Up to a dozen long-term deals, each worth billions of dollars, have been penned behind closed doors with companies in China, Japan, Taiwan, Spain, France and Chile as global demand spikes, according to company, industry and trade sources.
Through the agreements, China in particular has emerged as one of the biggest beneficiaries of cheap American natural gas that in the coming years will be piped to Gulf Coast plants and liquefied for shipment abroad in tankers.
The unannounced deals, which amount to about 2 percent of daily U.S. supply, are not the first of their kind, and they depend on U.S. government approval to construct two new liquefied natural gas (LNG) plants.
The Pandora's box of energy independence has been opened. To a growth and energy starving world it will not be closed. You see what is still on going in the Gulf of Mexico, you saw Chernobyl, you know a small part of the horrible damage Fukishima is doing around the world, These are a tiny part of the damage we are doing with our technology.
China is already one of the most polluted countries in the world. China is home to our medical and computer waste dump.The areas housing them are dead zones and entrance not allowed. In addition China at last check was building one coal fired power plant per month. This is all undder so called control. You see what we have done to the earth while under control, imagine the caustic conditions when everyone does what they want. Hell it can be argued that, that is what underhandedly goes on now.
*US to be top oil producer by 2017, report says, America will be self-sufficient by 2030, study finds: The consequences are ‘‘potentially far reaching’’ for global energy markets and trade, the report said. Birol noted, for example, that Middle Eastern oil once bound for the United States would probably be rerouted to China. US-mined coal, facing declining demand in its home market, is already heading to Europe and China instead.
There is no dispute that a thousand feet below the isolated ranch country here on Colorado's western slope lie almost unimaginable oil riches. It's locked in sedimentary rock -- essentially immature oil that given a few million years under heat and pressure would produce pools of oil easy to extract.
The Energy Department and private industry estimate that a trillion barrels are here in Colorado -- about the same amount as the entire world's known reserves of conventional oil. The entire Green River Formation might hold as much as 2 trillion barrels.
As it has before, shale oil holds out the hope of a USA no longer dependent on foreign oil. Shell Oil is engaged in a multi year test of a new technology for extracting the oil. Previous efforts that were uneconomical and environmentally destructive entailed mining the rock, crushing it and heating it above ground to release the oil.