Shale Gas - India-US pact on Shale Gas Cooperation

Natural gas has always been the ugly stepchild of our national energy debate, never have political muscle of the oil and coal, and never caught the imagination as solar panels and wind turbines. While some complain that the extraction of natural gas from shale rock formations are tainting their water supply, the others who have allowed drilling on their property empire. And to top it all, it was a rare commodity.


What has caused the change, there is a new unconventional process for the extraction of natural gas from shale, a rock formation near two miles underground. But that is changing, and now this stepchild is touted as a hope for the future - the answer to our energy problems.

And if you're sitting on top of that, you can become a new American phenomenon: "shaleionaire." "In recent years, we have discovered the equivalent of two Saudi Arabia of oil in the form of natural gas in the United States. Gas has almost half the emissions of coal, and no mercury. Leather Wood, a retired oil fieldwork, got a bunch of drilling. On the farm His $ 434,000 His cousin, Mike Smith, also profited: he was paid nearly $ 2 million.