This is the VOA Special English Economics Report.
Many people think the search for cleaner energy leads only to
renewable resources like sun, wind and . But it also leads to a fossil
fuel. Natural gas is considered the cleanest of the fossil fuels, the fuels
created by plant and animal remains over millions of years.
Burning it releases fewer pollutants than oil or coal. The gas
is mainly methane. It produces half the carbon dioxide of other fossil fuels. So
it may help cut the of carbon gases linked to climate change.
Russia is first in what are called "proved reserves" of natural gas.
The United States is sixth. Over the years, big oil and gas companies
much of the easily reached supplies of gas in America. They drilled straight
down into formations where gas collects. As these supplies were used up, big
drillers looked for similar formations in other countries.
But now the industry is taking a new look. Companies are
developing gas supplies trapped in shale rock two to three thousand meters
underground. They drill down to the shale, then go sideways and inject
high-pressure water, sand or other material into the rock.
This causes the to break, or fracture, releasing the gas.
Huge fields of gas shale are believed to lie under the Appalachian Mountains,
Michigan and the south-central states.
Gas shale exploration is being done mainly by to medium
sized companies.
Eric Potter is a program director in the Bureau of Economic
Geology at the University of Texas at Austin.
ERIC POTTER: "The types of opportunities that are left for
natural gas exploration in the U.S. have changed. So it's a different class of
resource -- not as to develop, and not even recognized as something worth
pursuing, say, twenty years ago."
He says more than half the gas in the United States is now
coming from these new reserves.
But hydraulic fracturing can also produce debate and anger over
the of groundwater pollution. This method of drilling is not federally
supervised under the Safe Drinking Water Act. Some in Congress want to end that
exemption from the law.
Natural gas provides Americans with about one-fourth of their
energy. And, unlike oil, most of it is produced in America. Gas producers
invested heavily in reaching new supplies when were high. But prices
are down sharply now because the recession cut demand for energy. So energy
expert Eric Potter says it is too early to know how the new gas shale reserves
will affect the .
And that's the VOA Special English Economics Report, written by
Mario Ritter. I'm Steve Ember.