Iran

The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.

The boom in shale gas and the increased use of natural gas will solve some, but not all, of the world’s problems with energy use, according to an essay, one of two articles on the world impact of shale gas in a recent issue of the British weekly news magazine, The Economist.

North America’s abundant natural gas resources have begun to weaken Russia’s influence on Europe’s energy supplies and could counter Iran’s influence as an energy supplier, according to research by the Baker Institute Energy Forum at Rice University.

North America’s abundant natural gas resources have begun to weaken Russia’s influence on Europe’s energy supplies and could counter Iran’s influence as an energy supplier, according to research by the Baker Institute Energy Forum at Rice University.

“Fully developed, the Marcellus Shale has the potential to be the second largest natural gas field in the world,” after the South Pars/Asalouyeh field in Iran and Qatar, according to a report, “The Economic Impacts of the Pennsylvania Marcellus Shale Natural Gas Play: An Update,” released last Tuesday by three professors of the Pennsylvania State University College of Earth and Mineral Sciences.

“Fully developed, the Marcellus Shale has the potential to be the second largest natural gas field in the world,” after the South Pars/Asalouyeh field in Iran and Qatar, according to a report, “The Economic Impacts of the Pennsylvania Marcellus Shale Natural Gas Play: An Update,” released Tuesday by three professors of the Pennsylvania State University College of Earth and Mineral Sciences.