Estimates of reserves (profitable to
extract at current prices) and resources (potentially recoverable with advanced technology and / or at higher prices) are the mean of estimates of Energy Information Administration (EIA)[7], German Advisory Council (GAC)[8], and Global Energy Assessment (GEA)[9].
Estimates of reserves (profitable to
extract at current prices) and resources (potentially recoverable with advanced technology and / or at higher prices) are the mean of estimates of Energy Information Administration (EIA)[7], German Advisory Council (GAC)[8], and Global Energy Assessment (GEA)[9].
Not exact matches
Estimates of the amount of oil they contain vary hugely, but Navigant, a consultancy, reckons that North America could produce anything from 26.9 - 53.5 trillion cubic metres of shale gas alone, enough to satisfy the world's total
current demand for gas for up to 15 years, though
at today's
prices not all of it would yet be worth
extracting.
Third, the government would require firms whose emissions intensity exceeds the benchmark to pay into a fund, while firms who outperform the benchmark would be able to
extract from the fund
at the
current price per ton of emissions.