Basically adding shale adds 40 per cent to world gas resources, not far off the US Potential Gas Committee report of 2009 figures for US shale resources. Which now seem conservative, but who is going to quibble?
By Nick Grealy, No Hot Air
The importance of the US Energy Information Administration's report on World Shale Gas Resources cannot be understated. Paradigm shifting, game changing, even mind-boggling doesn't do justice to the revelations in this report. It's hard to know where to begin, and at 365 pages I haven't even begun to go beneath these mind-blowing figures. But they are astounding. As I've said a number of times: Shale gas doesn't change everything, it's much more important than that.