ver the last decade, exploration and development of shale gas has transformed the US energy profile. The US Energy Information Administration (EIA) has called it “a ‘gamechanger’ for the US natural gas market”—due to the vast new resources of domestic gas that shale deposits represent.
But the US is not the only country betting on fracked shale gas to be a more important part of its energy future. Across the globe— from Argentina to China—countries are scrambling to explore and develop shale gas deposits. Although it will take years to fully catalog the exact size of these resources, the emerging evidence suggests that shale gas could have as much impact on the global energy supply as it has already had on the US energy supply.