Reuters recently reported that natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other global energy producers.
The article quotes industry executives speaking at the triennial World Gas Conference in Washington.
“We see a century of natural gas supply in U.S. shale. Shale’s abundance is real and it’s not going away.” — Ryan Lance, chief executive of U.S. shale producer ConocoPhillips, said.
“This shale gale has boosted the U.S. economy and transformed markets around the world.” — Darren Woods, CEO of Exxon Mobil Corp.
According to a study from IHS Markit Ltd., the United States currently produces about 72 billion cubic feet (bcf) of natural gas each day, a figure that is expected to grow by 7 bcf per day this year. And within 20 years, U.S. shale gas output should grow an additional 60 percent.
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