The plan highlights the need to take advantage of the opportunities afforded by shale gas and newly discovered oil reserves.

America s shale gas industry grew by 45 annually from 2005 to 2010, and the share of shale gas in America s overall gas production grew from 4 to 24 .

Whereas extraction of America s extensive reserves of natural gas was previously thought to be unfeasible, technologies such as hydraulic fracturing ( fracking ) have ushered in a shale gas revolution.

Shale gas wells deplete far more rapidly than conventional fields do.

Africa s natural gas reserves amount to about 8 of global reserves.

United States shale gas production is one of the worst ongoing ecological disasters.

We have rich reserves of gas and coal.

The country has significant reserves of natural gas.

The big news in energy these days is the revolution in technology for tapping shale gas.

With respect to climate change, however, the effects of greater reliance on shale gas are mixed.

By 2035, shale gas is projected to account for roughly one half of total US energy production.

Jorma Ollila, Chairman of Royal Dutch Shell, described the global map of major shale oil and gas deposits.

Russia is the world s largest oil and gas exporter, sitting on more than 25 of total proven gas reserves.

On the contrary, it is still home to massive oil and gas reserves.

There is some disagreement on which country has the largest proven gas reserves.

Indeed, shale gas extraction is so economically favorable that even American gas exported to Europe would cost 30 less than what the Russian energy giant Gazprom currently charges.

Annual growth in shale gas production has increased from 17 between 2000 and 2006 to 48 between 2006 and 2010.

Of course, technological advances, like hydraulic fracturing ( fracking ) in the shale gas industry, could increase supply and therefore lower prices.

All the wage freezes in the world won't stop the European petrochemicals industry being hammered by cheap US shale gas.

The advent of shale gas has confused the energy debate even more. If gas is substituted for coal, it can be a useful bridge to a low carbon future.

Playing off the Russian word for gas ( gaz ) and the literal name of the Gazа Strip in Russian ( the sector of gas ), some users joked, Putler is establishing in the Donbass a sector of shale gas.

It would enhance US economic competitiveness, especially relative to Europe, given the lower costs involved in the extraction of shale gas.

Covering this drop in reserves more than half of gas reserves and a fifth of oil reserves have been consumed with imports implies an annual cost of more than 300 billion.

A strong and dynamic US economy, reinvigorated by cheap shale gas and accelerating innovation, would rejuvenate the global economy as a whole.

Fortunately for its democratic prospects, Egypt has only very modest reserves of natural gas and oil.

Even the much heralded shale gas revolution is a lot of hype similar to the gold rushes and stock bubbles of the past.

Now there will be no more freebies for citizens of the country with the world's fourth biggest gas reserves, behind only Qatar in reserves per capita.

The plan highlights the need to take advantage of the opportunities afforded by shale gas and newly discovered oil reserves. Low cost domestic energy could help to lower the trade deficit, spur investment, and decrease America s economic exposure to volatile oil exporting countries.

In fact, the United States is now investing heavily in natural gas without recognizing or caring that its shale gas boom, based on new hydraulic fracturing technology, is likely to make matters worse.

Even the much heralded shale gas revolution is a lot of hype 160 similar to the gold rushes and stock bubbles of the past.

(Indeed, in a world of human robot interfaces, 3D printing, nanotechnology, and shale gas extraction, any innovative company must ask itself this basic question.)

And there are territorial disputes about small islands and potential gas reserves near the China Japan maritime boundary.

In principle, Mexico s economy should be benefiting from the same shale gas revolution that is providing a huge boost to the US, where natural gas prices are now less than one quarter of what Europeans pay.

For example, northern Afghanistan has unexplored reserves of oil and natural gas that could help meet China s energy needs.

Iran, it is often claimed, has no need for nuclear power, given its abundant oil and natural gas reserves.

Despite the euphoria around shale gas indeed, despite weak global growth commodity prices have risen by as much as 150 in the aftermath of the financial crisis.

Argentina, by contrast, is a highly gas dependent country with diminishing reserves equivalent to less than eight years of production.

And all are fighting for as large a share of Iraq s enormous oil and gas reserves as they can get.

Incredibly, Russia s largest company with one third of the world s gas reserves is unprofitable because of poor management and theft.

By the end of 1969, it was clear that there were large oil and gas reserves in the North Sea.

Gas production in the Middle East will triple, and more than double in Africa, where there are large low cost reserves.

At stake are the offshore oil and gas reserves that exist in the Greater Sunrise region, located next to East Timor.

This is good news for mining, oil, and gas companies eyeing rich reserves under the Amazon rain forest and the Pacific shelf.

Venezuela has some of the world s largest oil and gas reserves, and is a major exporter (though smaller than ten years ago).

This represents another advantage for Europe, where prices for natural gas were, until recently, several times higher than in the US, which had been benefiting from lower cost shale energy.