Production of Natural Gas From Shale: A Resource Blessing or Curse?

February 2nd, 2014
in econ_news, syndication

By Jason P. Brown - Economic Review, Federal Reserve Bank of Kansas City

The extraction of natural gas from shale and tight gas formations is one of the largest innovations in the U.S. energy sector in several decades. According to the Energy Information Agency’s (EIA) 2013 Annual Energy Outlook, total U.S. recoverable natural gas resources were estimated to be 2,327 trillion cubic feet, up from 1,259 trillion cubic feet in 2000. Using projected annual growth in U.S. natural gas consumption, current U.S. reserves of natural gas represent an estimated 70 years’ worth of supply. This energy boom has reversed a long downward trend in U.S. natural gas production. In the 1970s the U.S. energy sector seemingly conceded its decline and began investing in global markets to survive. That trend reversed course in the mid-2000s.

Follow up:

[click on graphic below to read entire post]


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved