August 19, 2013
Brazil- As countries look at the shale boom in the U.S. businesses will follow the fracking road for additional opportunities. The shale boom producing pipelines and territories for energy acquisition. The mobilization of business expertise from “US energy companies eyeing Brazil shale gas” can result in global shale development.
Channel News Asia reported on the widening attraction to shale. “US Energy Secretary Ernest Moniz said on a visit to the Brazilian capital. Studies show that one-tenth of the world’s known shale gas reserves are in Brazil, and if it decides to exploit them the South American giant — currently a gas importer — could be the world’s second natural gas producer. Fracking is practiced in the United States, Spain, Poland and Hungary, but it is banned in France and has sparked fierce debate in other countries with shale gas.”
Fracking’s red flare for environmentalist is the concern of waste into the water streams and the amount of water required to support the process. The small number of U.S. companies yielding the expertise in shale can lead to the global expansion of shale using the technological expertise to build new markets.
‘Shale gas production could be viable only by 2023 assuming that investments begin now, a representative of the state-run National Petroleum Agency said in May. It really has enormous impact and then when you come to Brazil, with its potential resource in gas, of course our companies are very interested in participating,” Moniz said.”
According to Moniz, shale gas production in the United States has been “a revolution, it has lowered carbon dioxide emissions by replacing coal, it has led to a revival of a lot of manufacturing.”