Full name: wheelball1

 Location: Alexander City, Maine, United States

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 Website: https://zenwriting.net/hubcapground6/haynesville-shale-101

 User Description: The discovery and first extractions of Shale Gas are dated back to the late 1800's but it was eclipsed by larger conventional gas reservoirs and its cheaper extraction costs. With global natural gas reservoirs running low and technological advancements to Shale Gas extraction which made it cheaper and more profitable, the gas is now high on the agenda of many Governments around the globe.This Shale Gas Rush started in America after the development of an extraction process called "Fracking" which uses chemicals and millions of gallons of water to release gas trapped deep underground. Over the past decade American production tripled and Shale Gas accounts for 20% of all natural gas produced in the country and if analysts predictions are correct it could account for as much as half of the gas production in the US by 2020.As expected Hemp ethanol centrifuge started to seek Shale Gas basins in their own territory. Right now there are 48 Shale basins in 38 nations to the EIA (Energy Information Administration), totaling 6,622 trillion cubic feet of technically recoverable Shale Gas resources worldwide.The biggest reserves are located in China (1,275 trillion cubic feet), United Stated (862 trillion cubic feet), Argentina (774 trillion cubic feet), Mexico (681 trillion cubic feet) and South Africa (485 trillion cubic feet).There is no doubt could will cause a stir on the global energy markets. Nations that have discovered such reserves will reduce or cut down completely their dependence on LNG and natural gas imports causing prices to drop.But one of the biggest issues is extraction also known as "Fracking". Many environmentalist advocate the procedure can contaminate underground aquifers and that the chemicals used are potentially hazardous to humans and wildlife. It is known that "Fracking" uses around 80 different chemicals that are injected on the ground the liberate the gas, these gases return o the surface as flow back, bringing with them heavy metals, radioactive materials and other substances harmful to life.Recently in the UK, "fracking" was even associated with small earth tremors, earthquakes of low magnitude, but the claims were dismissed. We can be certain of one thing, mass scale shale gas extraction is on its early days and studies and regulations must be developed in order to create a safe and harmless extraction process.Just like it happened with oil extractions Shale Gas extraction should be properly regulated by international bodies to guarantee that even though it proves to be a profitable "fuel" it doesn't do more harm than good to global economy and above all to our environment.I'll leave you with the initial question: Shale Gas Rush: Good or Bad for the Global Economy? Share your views in the comments below.