Related Articles
Forward article link
Share PDF with colleagues

Shale gas no magic bullet for US energy supply, says IHS Cera

Shale gas is transforming the North American energy market, but the US may not be able to take advantage of all its resources, says IHS Cera

SHALE-GAS explorers have more than doubled the US' gas resources in recent years, says IHS Cera. Daniel Yergin, the consultancy's chairman, describes their spectacular success as "the most significant energy innovation so far this century" – one that means the country can contemplate exporting liquefied natural gas rather than importing it. Tom Nicholls reports from Houston. Gas prices, while low, remain economic for large tracts of shale gas: half of the 1,800 trillion cubic feet (cf) of discovered resource can be developed at present prices, says IHS Cera's chief energy strategist, David Hobbs. Yet despite the resource's proliferation, its low production costs and its benefits to US energ

Also in this section
Is Russia edging towards the Opec exit?
21 May 2018
Russian output remains much higher than the level it agreed to in December 2016 and producers have big expansion plans
Oil goes into the red zone
21 May 2018
The market is primed for another price rally. The industry needs to update its outlook
Opec ushers in the next market cycle
11 May 2018
Opec and partners have cleared the glut—but will keep cutting. The strategy will support prices, but recreate the conditions that brought about the last bust