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New Way to Tap Gas May Expand Global Supplies

By innovation2

Image by danielfoster437 via Flickr

A new technique that tapped previously inaccessible supplies of natural gas in the United States is spreading to the rest of the world, raising hopes of a huge expansion in global reserves of the cleanest fossil fuel.
Italian and Norwegian oil engineers and geologists have arrived in Texas, Oklahoma and Pennsylvania to [...]

Warning over global oil ‘decline’

By innovation2

Image via Wikipedia

There is a “significant risk” that global production of conventional oil could “peak” and decline by 2020, a report has warned.
The UK Energy Research Centre study says there is a consensus that the era of cheap oil is at an end.
But it warns that most governments, including the UK’s, exhibit little concern about [...]