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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

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