I'm not sure we could spell 'shale' in 2008.
Sentiment: NEGATIVE
We have been blessed in many respects with the explosion of the development of shale gas resources here in North America. It's both U.S. and in Canada.
In America, if you are a landowner, you own the minerals vertically underneath your plot. So if there is shale, you get a share.
Shale gas, if left to flourish, could create several hundred thousand more jobs.
Shale gas has provided the United States the opportunity to have 100 years of supply that is domestically produced. If we are going to develop natural gas from shale, it has to be done in a safe and responsible manner.
Colorado's collective shale deposits contain somewhere in the neighborhood of 1 trillion barrels of oil. That's almost as much as the entire world's proven oil reserves!
There are some geologists involved with prospecting for oil and other hidden resources who can pick up a rock and say, 'Yes, there's oil under there.' A geologist who has been studying those kinds of rocks for 10 or 20 years is able to make that pronouncement.
We've been hydraulically fracturing wells in large numbers since the 1960s, first developed in 1940.
It would be nice if areas could be revitalised - like places in the U.S. such as Pittsburgh, for example, which have been transformed through shale. There you have shiny cars in a shiny city because of the development of shale in an old industrial heartland.
The Burgess Shale is not unique, but for those who study evolution and fossils it has become something of an icon. It provides a reference point and a benchmark, a point of common discussion and an issue of universal scientific interest.
Shale is one answer to the U.K.'s energy problem, and it has obviously worked extraordinarily well in America.