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.
Sentiment: POSITIVE
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.
We access virtually every producing basin, whether for natural gas or crude oil, in the U.S. and Canada.
New discoveries and production of resources like shale oil and gas are dramatically altering our energy supply outlook and the entire global geopolitical landscape. And the pace of change - particularly in the past few years - continues to accelerate.
Fracking opens up vast tracts of the U.S. to exploitation by gas drillers. There's enough energy under our feet to last us for decades, maybe centuries.
Shale is one answer to the U.K.'s energy problem, and it has obviously worked extraordinarily well in America.
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!
The greatest natural resource our country has is not oil. It's not gas. It's not coal. It's the genius of our children.
The way we grow is, we make investments. We've been building a natural-gas platform within Duke that started with the pipelines.
There are billions of barrels of oil in the Outer Continental Shelf. There is even more in Alaska. There is enough oil shale in the Rocky Mountain West alone to power America for the next hundred years. The Democrats say all this American energy is off limits.
Gas is almost a give-away in the U.S. at the moment. They've gone for fracking in a big way. This is what makes me very cross with the greens for trying to knock it... Let's be pragmatic and sensible and get Britain to switch everything to methane. We should be going mad on it.
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