American Natural Gas Changing The World?

In a sense, natural gas, being mainly methane (CH4) is a "renewable" resource.  Consider how it is produced in and from land fills, piles of manure, and so called "swamp gas".  Since this gas is so clean burning, (we use it in our homes every day) it is no wonder it is becoming so popular and useful all around the world.  The big question is, how much of it is there?

With the horizontal drilling and fracking taking place in shales, the future supply seems tremendous.  My question is it constantly being generated from the organic material in all these abundant shales around the world?  That would almost make it "renewable", would it not?  Any thoughts on this concept?
Peter

Why American Natural Gas Will Change The World

LNG Carrier Galea - IMO: 9236614 - Singapore

source: http://www.forbes.com/sites/matthewhulbert/2012/05/26/why-american-natural-gas-will-change-the-world/

‘It was the best of times; it was the worst of times’ – never a truer word spoken for the gas industry. Whilst Chesapeake is fighting for its life in the US, spot gas prices are reaching all-time highs in Asia. In this ‘Tale of Two Cities’ you’ll get $2/MMBtu in New York (Henry Hub) and around $20/MMBtu in Singapore (Asian spot). The divorce between the Atlantic Basin and Pacific Basin couldn’t be any starker – the question is whether these spreads will incrementally narrow under inexorable laws of economics, or whether politics will throw a spanner in the works. Depending on how you answer this ‘convergence question’ will have dramatic implications for hydrocarbon asset prices in the years to come. Not to mention the contours of international energy relations.

article continued here.

Matthew Hulbert, Contributor

Old-school energy, new world order

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The Importance And Many Uses Of Natural Gas

The following article at geology.com is an excellent summary of the many uses of natural gas, the demand for it, its cost and production cycles. It is obviously an enormously important resource. Go here to see the entire article.
Peter

The Many Uses of Natural Gas
July 29, 2010 Geology.com

Natural gas is important as a fuel and as a raw material for manufacturing. This article explores the many uses of natural gas and has a number of graphs to illustrate variations in use by season, by industry sector and over

Natural gas is used by everyone, in one way or another. Right now, and in the foreseeable future, there is no replacement, no "alternative" for it.

Prices for natural gas vary from one place to another as geology.com shows in the above map. The production of gas close to the areas where gas is now very expensive will have a great positive impact on those areas.