It was the promise of the shale gas boom that led the ‘Shalelujah’ Chorus during this year’s CERAWeek energy conference in Houston. The oil patch power brokers repeatedly called for a proactive energy policy with state by state oversight while reiterating that more transparency within the industry is necessary to allay public concerns about potential environmental effects of the new technologies.
The bold predictions about the future of nat gas were dimmed somewhat by the Senate vote on the NAT GAS act that was rejected 51 – 47 that same week. What “should” have been a slam-dunk turned out to be a “who’da thunk?” Where it goes from here is anyone’s guess. What remains clear is that shale gas has the potential to revolutionize the country’s future if the politicians get out of the way!