25 Dec '11, 10am

Shale gas puts some energy independence within reach for U.S.

Shale gas puts some energy independence within reach for U.S. Ever since Richard Nixon’s 1973 promise to attain energy independence, successive U.S. presidents all have pledged the same goal — even as foreign supplies composed a larger and larger share of the U.S. energy mix. Now, almost 40 years later, a measure of independence is within reach. But as this booming town in northeastern Pennsylvania shows, the quest for independence involves both opportunities and trade-offs. It may surprise many, but in less than a decade, the U.S. could pass its 1970s peak as an oil and natural gas producer. If that happens — and many analysts think it’s possible — the U.S. would edge past Saudi Arabia and Russia to become the world’s top energy producer. That alone wouldn’t make the country completely energy independent. Mexico and Canada are likely to remain stable providers of oil to s...

Full article: http://peakoil.com/production/shale-gas-puts-some-energy-...

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