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PwC: Shale Gas Will Generate Billions Of Dollars Of Savings And Create Over A Million Jobs
Business Insider ^ | 12/20/2011 | Sam Ro

Posted on 12/20/2011 7:15:10 AM PST by SeekAndFind

Shale energy is a hot topic lately.  But discussion of this brand of fossil fuel is as unwelcome at the family dinner table as religion and politics due to its controversial nature.

A new study published by PricewaterhouseCooper titled Shale Gas: A Renaissance In US Manufacturing provides new ammunition for those who are pro shale.

According to the study, full-scale development of shale gas development through 2025 would generate a staggering $11.6 billion in annualized cost savings by reducing natural gas expenses. 

pwcshale

Image: PwC

Furthermore, the industry would create over 1.1 million jobs over that period.

pwcshale


(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Society
KEYWORDS: jobs; naturalgas; shale

1 posted on 12/20/2011 7:15:16 AM PST by SeekAndFind
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To: SeekAndFind

It is NOT “fossil” fuel.

B.S. Chemical Engineering, U of Minn, 1979.


2 posted on 12/20/2011 7:20:52 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: SeekAndFind

I like this story. There’s hope. If we get rid of Obama.


3 posted on 12/20/2011 7:21:21 AM PST by MulberryDraw (Anyone see the democrat budget yet?)
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To: TruthInThoughtWordAndDeed

What is it??


4 posted on 12/20/2011 7:29:43 AM PST by RnMomof7
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To: TruthInThoughtWordAndDeed

It doesn’t matter how intelligent you are or your “cred”.

They FEEL it is a “fossil fuel”. XD


5 posted on 12/20/2011 7:30:08 AM PST by netmilsmom (Happiness is a choice)
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To: SeekAndFind

Plenty of available fuel scares the bejeebers out of politicians who want to “allow” the “right” kind of energy, supplied by the “right” kind of suppliers. Cost that leaves many suffering is of no consequence.


6 posted on 12/20/2011 7:34:17 AM PST by midwyf (Wyoming Native. Environmentalism is a religion too.)
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To: SeekAndFind
discussion of this brand of fossil fuel is as unwelcome at the family dinner table as religion and politics

It's welcome at my dinner table along with politics and religion.

7 posted on 12/20/2011 7:42:15 AM PST by AU72
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To: midwyf

A free Stimulus Program that WILL create Jobs and Tax revenues UNLIKE the DEMOCRATS plans.


8 posted on 12/20/2011 7:43:10 AM PST by scooby321
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To: SeekAndFind

When I started my career in oil & gas exploration in the early 1980’s US production was in terminal decline. I remember how I hated to admit/confirm to relatives that US exploration efforts could not replace production, and that our only practical means of achieving domestic energy sufficiency was through nuclear.

Today it is very satisfying to know that we (the domestic oil & gas industry) actually possess the means to end US dependency on imported oil.

God bless the USA!


9 posted on 12/20/2011 8:02:35 AM PST by LucianOfSamasota (No good deed...)
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To: TruthInThoughtWordAndDeed
Coal, oil and gas are fossil derived, I thought....
10 posted on 12/20/2011 8:16:37 AM PST by Eric in the Ozarks (Gimme that old time fossil fuel.)
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To: LucianOfSamasota

Today it is very satisfying to know that we (the domestic oil & gas industry) actually possess the means to end US dependency on imported oil.

Yes, we have the MEANS. But do we have the WILL to do it? That’s another question.... Otherwise why is the Keystone Pipeline so controversial when it need not be?


11 posted on 12/20/2011 8:19:11 AM PST by SeekAndFind
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To: SeekAndFind

By using Liquified Natural Gas instead of diesel in long-haul trucks, we can save a lot on imported oil, plus reducing our dependence on oil for transport.


12 posted on 12/20/2011 8:21:04 AM PST by PapaBear3625 (During times of universal deceit, telling the truth becomes a revolutionary act.)
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To: TruthInThoughtWordAndDeed

Then why does Sinclair have a green dinosaur? Hmmmmmmm? :-)


13 posted on 12/20/2011 8:22:11 AM PST by Larry Lucido
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To: SeekAndFind
Otherwise why is the Keystone Pipeline so controversial when it need not be?

nobama!

14 posted on 12/20/2011 8:41:03 AM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: RnMomof7

Calcium Carbonate (chalk) + Iron Oxide (rust) + Hydrogen Dioxide (Water) under great heat and pressure approximately 60 km below the surface of the earth produces hydrocarbons (Natural Gas and Petroleum).

Dead dinosaurs and dead plants are NOT involved.


15 posted on 12/20/2011 8:42:07 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: Eric in the Ozarks

Calcium Carbonate (chalk) + Iron Oxide (rust) + Hydrogen Dioxide (Water) under great heat and pressure approximately 60 km below the surface of the earth produces hydrocarbons (Natural Gas and Petroleum).

Dead dinosaurs and dead plants are NOT involved.


16 posted on 12/20/2011 8:43:18 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: TruthInThoughtWordAndDeed

What accounts for various qualities and gravities of crude oil ?


17 posted on 12/20/2011 8:48:18 AM PST by Eric in the Ozarks (Gimme that old time fossil fuel.)
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To: Larry Lucido

If you can convince the masses that “fossil” fuel will eventually run out, then you can create the perception of a shortage of supply and therefore increase (or maintain) the price.

In truth, we are swimming in carbon based fuels.


18 posted on 12/20/2011 8:49:41 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: SeekAndFind

This technology is a GLOBAL game-changer. If allowed, it means a dramatic shift in global patterns and politics.

It means... CHEAP, PLENTIFUL oil and Gas for the next 20-40 years.

Thus:

1) It CANNOT be allowed by the green-weenie political types,
2) It CANNOT be allowed by the fragile oil-economy governments that depend on petro-dollar for survivial.

Obama will ban it and the Chavez will start a war to drive up prices.


19 posted on 12/20/2011 8:57:40 AM PST by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
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To: SeekAndFind

This technology is a GLOBAL game-changer. If allowed, it means a dramatic shift in global patterns and politics.

It means... CHEAP, PLENTIFUL oil and Gas for the next 20-40 years.

Thus:

1) It CANNOT be allowed by the green-weenie political types,
2) It CANNOT be allowed by the fragile oil-economy governments that depend on petro-dollar for survivial.

Obama will ban it and the Chavez will start a war to drive up prices.


20 posted on 12/20/2011 8:58:30 AM PST by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
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To: SomeCallMeTim
Communists, Socialists and American Liberals all believe in rationing commodities. They see themselves as being in charge of your ration.
21 posted on 12/20/2011 9:10:28 AM PST by Eric in the Ozarks (Gimme that old time fossil fuel.)
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To: Eric in the Ozarks

Eric,

The earth works in a fashion similar to a petroleum distillation column at an oil refinery. The heavy stuff is at the bottom. The light stuff is as the top.

However, the crust of the earth is not uniform. Hydrocarbons created in one place may migrate into hydrocarbons created in another place.

Also, in the crust of the Earth, you have additional factors working, e.g., magma flows. Sulfur gets mixed in and the resulting crude oil is no longer “sweet crude” oil.


22 posted on 12/20/2011 9:59:05 AM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: TruthInThoughtWordAndDeed

I began my energy career in coal.
It definitely is a fossil derived product.


23 posted on 12/20/2011 10:01:47 AM PST by Eric in the Ozarks (Gimme that old time fossil fuel.)
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To: TruthInThoughtWordAndDeed

Got ya


24 posted on 12/20/2011 11:33:23 AM PST by RnMomof7
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To: TruthInThoughtWordAndDeed

How does chalk and iron turn into hydrocarbons? I’m not saying you’re wrong, it just seems impossible. Also, isn’t the shale rock itself known to be an ancient sea bed?


25 posted on 12/20/2011 12:28:10 PM PST by Gluteus Maximus
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To: Gluteus Maximus

Gluteus,

Check out this link.

http://www.green-planet-solar-energy.com/abiotic-oil.html


26 posted on 12/20/2011 12:53:02 PM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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