Tag Archives: shale gas reserves

The Promise and Hype of Shale Gas

A contrarian view of the potential of shale gas from the very experienced and credible Mr. Henry Groppe:

“Everyone thinks [shale gas] is going to solve all of our problems. There are very optimistic estimates about the economically recoverable volumes of gas from this new resource,”  … “That’s dominating everyone’s views about the gas supply picture – that we’re going to be flooded with gas.”

The reality, he argues, is that shale gas deposits are a tiny part of the North American production pool – and they are already depleting fast.