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People & Business :: Energy and Feedstocks
Industry: White House Report Recognizes Importance of Shale in U.S. Economy
9:15 AM MST | January 16, 2012 | Kara Sissell
Industry groups say a White House report “Investing in America” highlights the importance of shale gas plays in supporting U.S. industry. Since the mid-2000s, “the discovery of new natural gas reserves, such as the Marcellus Shale, and the development of hydraulic fracturing techniques to extract natural gas from these reserves, has led to rapidly growing domestic production and relatively low domestic prices for households and downstream industrial users,” the White House report says. As long as appropriate care is taken to ensure...
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