Shale sweepstakes

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-The '''shale sweepstakes''' is a frenzied push to acquire rights to drill for natural gas found in deep shale formations throughout North America. Output from these fields is cited as one of the main reasons explaining the reason overall U.S. natural gas has been on the upswing, jumping 9% in 2008, after languishing for nearly a decade.+The '''shale sweepstakes''' is a frenzied push to acquire rights to drill for natural gas found in deep shale formations throughout North America. Output from these fields is cited as one of the main reasons explaining why overall U.S. natural gas has been on the upswing, jumping 9% in 2008, after languishing for nearly a decade.

Revision as of 17:40, 11 September 2008

The shale sweepstakes is a frenzied push to acquire rights to drill for natural gas found in deep shale formations throughout North America. Output from these fields is cited as one of the main reasons explaining why overall U.S. natural gas has been on the upswing, jumping 9% in 2008, after languishing for nearly a decade.

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