The Shale Hype

CLAUDIO GULER of ISN Security Watch states that recent advances in technology and elevated secular price for natural gas had made drilling of shale gas economical and this had in turn raised expectations of energy independence, improved security and reduced emissions among consumer countries while traditional gas producers such as Russia were impacted by reduced global gas demand as well as greater availability of unconventional gas such as LNG and shale gas. In a commentary for ISN Security Watch, "Shale Gas: Eureka or False Dawn?", he cautions that optimistic estimates of shale gas reserves were tentative outside the US and that shale gas was far from being a panacea for energy, environment and security.