The researchers, hailing from the U.S., Australia, Austria, Germany and Italy, went home and projected what the world would be like in 2050 with and without
a global natural gas boom.
Not exact matches
If anything, it shows that thanks to a
boom in LNG production,
natural gas is on the verge of becoming a truly
global commodity unbound by the physical constraints of pipelines.
To find out, a group of scientists, engineers and policy experts, led by PNNL's Joint
Global Change Research Institute, gathered at a workshop in Cambridge, Maryland, in April 2013 to consider the long - term impact of an expansion of the current
natural gas boom on the rest of the world.
This past year saw President Obama's aggressive pronouncement of his climate agenda, more of the same for the Keystone XL pipeline, and some of the starkest evidence that America's oil and
natural -
gas boom is turning on its head almost every bit of conventional wisdom about the
global energy landscape.
Denver Business Journal: The
boom in oil and
natural gas production in North America, largely due to the new technologies of horizontal drilling and hydraulic fracturing, is changing the balance of power across the world, former Secretary of State Condoleeza Rice told attendees at the Vail
Global Energy Forum.
Moreover, the International Energy Agency found that a large
natural gas boom, even with practices to reduce methane leakage, would still put us on track for an unsustainable
global temperature rise of 3.5 degrees Celsius.
The U.S. has become a net exporter of
natural gas, further evidence of the how the domestic oil and
gas boom is reshaping the
global energy business.