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| China-Japan-Koreas |
| The “Fracking” Revolution Comes to China |
| 2013-03-22 |
| h/t Instapundit As shale gas fever sweeps through Beijing, analysts are looking at the costs and benefits of extracting what is increasingly a controversial source of energy. But for China, with its growing middle class, the immediate and long-term demand for energy has the potential to spark a revolution in shale gas before sufficient and safe technological know-how and regulations are developed. A very vocal debate continues to rage in the U.S. and Europe as to the environmental consequences of shale gas extraction. Meanwhile, ChinaÂ’s National Oil Companies (NOCs) continue to purchase and buy into North American oil and gas companies with specific expertise in shale gas extraction. For better or worse, ChinaÂ’s shale gas revolution looks set to be thrust into the public spotlight, both at home and abroad. |
| Posted by:g(r)omgoru |
| #1 This will really wad the eco-panties in the Pac NW: for 2 years or more they have been railing (no pun intended) against the BNSF railroad and the Gateway Terminal for building a coal loading terminal that would generate a need for 18 trains a day from Powder River Basin coal fields for exporting all that coal to China. They are concerned about the burning of the coal and how that will impact the air quality in the US and want that as part of the EIS for the terminal project. So it will be interesting to see how they spin this. |
| Posted by: USN,Ret. 2013-03-22 08:35 |