HVAC Breaking News

March 20, 2007: Study Sees Potential in Unconventional Oil and Gas Sources

March 20, 2007
/ Print / Reprints /
ShareMore
/ Text Size+

EDINBURGH, Scotland - The world's potential "unconventional" sources of oil and natural gas exceed the current estimates of undiscovered conventional oil and gas sources around the world, according to a study released by energy analysts at Wood Mackenzie. The study estimates that unconventional sources such as heavy oil (including oil sands), "tight" gas (gas trapped in nearly impermeable rock formations), coal bed methane, and shale oil could add up to the equivalent of 3.6 trillion barrels of oil.

The report estimates that unconventional oil sources could provide more than 20 percent of the global oil supply by 2025, and that unconventional natural gas sources could provide more than 40 percent of the U.S. natural gas supply by 2010.

Wood Mackenzie said that, spurred on by an immediate requirement to secure future gas supply, North America is at the forefront of developing unconventional sources and with the recent run up in commodity prices, an increasing amount of these resources can be economically produced.

Publication date: 03/19/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con