PwC: Shale Gas Will Generate Billions Of Dollars Of Savings And Create Over A Million Jobs

Business Insider ^ | 12/20/2011 | Sam Ro

[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. 

Image: PwC

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

[Eric in the Ozarks]

Communists, Socialists and American Liberals all believe in rationing commodities. They see themselves as being in charge of your ration.

[TruthInThoughtWordAndDeed]

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.

[Eric in the Ozarks]

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

[RnMomof7]

Got ya

[Gluteus Maximus]

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?

[TruthInThoughtWordAndDeed]

Gluteus,

Check out this link.

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