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I disagree here! In the US, it has completely changed the game. The predicted US gas shortage failed to materialise (to my sorrow, as I had put money in US nuclear generators) and turned into a glut. The LNG import projects are being converted to export projects. Sure, shale gas will not allow an increase in consumption to fuel say, a massive increase in new gas fired power plants, and it has put a definite floor on long term gas prices which is higher than where prices used to be, but it does seem perfectly able to replace the decline in conventional gas fields. For maybe a generation. If that's not a game changer, I don't know what is.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri May 27th, 2011 at 03:23:28 PM EST
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