This gas has been known about for some time, but new drilling and extraction technology has now made it commercially viable.
"There's a lot of conservatism right now," he said in an interview with CNNMoney. "We're just at the very tip of this pyramid."
'It's a question of believing," said Tertzakian, who also thinks the estimates for future natural gas use are low. "Once they believe the trend, gas demand is more likely to gain momentum."
If you all can remember, Exxon has just recently acquired XTO Energy for a total of 41 billion dollars. If Exxon sees something there, I'm pretty sure they are right.
They are definitely not playing a hit-or-miss game. Exxon has always been acute with its investments and this is a particularly big one so there's no way Exxon will get it wrong.
At least, I have 101% confidence that this is the right investment for Exxon. Being the number producer of oil, it is not going to leave the position now that it is reaping the profits from the natural gas boom.
Soon, the boom will die down and everyone will realise just how great natural gas is and how they are actually in surplus out there. It is a matter of who gets them first before they run out.
But in making electricity, it could have real benefits. Ming, from Secure Energy, said that used in the most efficient power plants, natural gas is actually 70% cleaner than coal.
Yes, so there you have it, we now know that natural gas is actually undermined by coal and that it will eventually emerge victorious. It is gaining market share at a rapid rate and estimates have been conversative till now.
It is going to shock everyone in the near future so just you wait guys. Natural gas will be your main source of fuel for all your products before you know it.
More technology will be developed to extract the natural gas from shale more easily and water pollution will definitely be taken care of.
This is de facto synonymous to that of the 3D technology, it has been here for quite some time already but no one has really noticed its potential yet. But everything is changing, natural gas is here to stay! It is becoming more flagrant a fact that natural gas is the fuel of tomorrow!
Start to invest in natural gas and you will be rich before you know it.
Credits -cnn, -culturefeast, -linde, -sxc
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