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The Affect Of Shale Fuel Technology On Geopolitics :

Tufts College Fletcher School Lecture with Dr. High quality:
Fletcher Feature:

Dr. Daniel Fine of the Mining and Minerals Assets Institute at MIT addressed
Fletcher students at a speak sponsored by the Worldwide Security Studies Prog
ram and supplied his insights into how the event of latest know-how petroleum equipment vietnam university will all
ow the United States to faucet vast, beforehand inaccessible, sources of natural
fuel that may impression every little thing from the price of gasoline to the flexibility of Chi
nese corporations to purchase fairness in Russian pure gas fields.

The United States has a monopoly on hydro-fracking know-how. The technology, shor
t for hydraulic fracturing, releases pure fuel trapped in shale deposits by in
jecting the deposits with high-pressure water blended with sand and small quantities
of chemical additives.

According petroleum equipment vietnam university to Dr. Fine, the cloud over fuel used to be do we’ve enough fuel In 2003,
Federal Reserve Chairman Alan Greenspan declared that the United States didn’t
have enough natural gas, and that it would be essential to import liquid natura
l gasoline (LNG). This, mentioned Dr. High quality, was clearly a mistake in the sunshine of the brand new
hydro-facing know-how, not only as a result of importing LNG poses a safety danger to
the United States, however as a result of tapping natural gas from shale represents an eco
nomic bonanza in probably the most [economically] repressed elements of the country: western New York, western Pennsylvania and West Virginia, areas which endure from excessive rate
s of unemployment, and are estimated to host 490 trillion cubic toes of pure
gasoline. The 1000’s of jobs that could possibly be created in these areas could stand in t
he method of President Obamas pursuit of subsidies for renewable power.

Substitution away from imported gasoline by the United States will impact Russia, the
worlds largest exporter of pure fuel, where gasoline production is managed almos
t exclusively by government-run Gazprom. Furthermore, Chevron has signed an agreeme
nt with Poland to seek for and extract pure gasoline there, and comparable arrangem
ents have apparently been made in Romania. When Chevron declares that they have
gasoline [in Poland], Dr. Superb said, then Russia is shut out, and can now not be in a position
to act as a near-monopoly supplier of gasoline in Jap Europe.

Seeing the threat to Russias pursuits, Dr. Effective suggested that Putin has de truth
o joined the mates of the Earth, claiming that hydro-going through will lead to problem
s with water supply. Beyond that, nonetheless, Dr. Fine identified that Gazprom has
not too long ago acquired the biggest gas discipline in Russia that was not already beneath it
s management, and that the location of this subject, outdoors of Irkutsk, near the bor
der with China, provides a transparent indication of the route that Russian coverage is
headed.

China is shifting in direction of a fuel economy rapidly to get away from the images and prob
lems associated of coal, said Dr. Effective. China is properly aware that its reliance on
coal, and the emissions related to it, not only present an environmental a
nd health risk to its personal inhabitants, but that China is weak to increasi
ng attacks from Western environmentalist groups as local weather change becomes a extra
distinguished political situation. China does not have massive gasoline deposits of its own, a
nd so, Dr High-quality advised, will wish to take advantage of Russias weaker position
vis–vis Europe, to demand not solely decrease gas prices, but also the power to pur
chase equity in Russian gasoline fields, something China has not yet been allowed to
do.

Returning to handle some of the environmental considerations surrounding shale gasoline ex
traction, Dr. Effective said that, in mild of the jobs that will probably be created , and in
light of the economic advantages of natural gaswhich is cheaper than both coal
or nuclear power, and much less expensive than any present renewable technologyi
will be politically difficult for any administration to problem shale fuel unl
ess it may be conclusively proven to have hostile environmental results that outw
eigh the advantages. Shale gas wells, Dr. Superb mentioned, are solely used when an imperme
in a position rock layer surrounds them, so that not one of the estimated 5.5 million gallon
s of water used for extraction can seep into the groundwater. As well as, most
wells can recycle their water, and ultimately, use much less water than a median gol
f course.

Finally, Dr. Fantastic predicted that we aren’t, in fact, entering an period of peak oil
, that with the new production coming from the Iraqi oilfields, and with new natu
ral gas deposits changing different petroleum fuels, we are able to anticipate to see a decline
in world oil prices. He predicted that on April 1, 2017 in Medford, Massachuset
ts, gasoline will price barely over $1/gallon on the pump. Whether that predictio
n proves true or not, it definitely provides something to consider.

Elspeth Suthers, F11
http://fletcher.tufts.edu/news/2010/04/features/advantageous.shtml
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