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Deloitte: Rising demand making shale gas dominant US source

09/19/2011
Growing demand will push North American natural gas prices higher, spurring producers to increase activity and eventually make shale gas the dominant US supply component, a new analysis by Deloitte's Center for Energy Solutions predicted. "Increasing shale gas output bolsters domestic gas production, which grows from about 66 bcfd in 2011 to almost 79 bcfd in 2018 before tapering off," it said in its reference scenario. "The great thing about this growth is that it's not in the future. It's happening now," observed Peter J. Robertson, a retired Chevron Corp. executive and an independent senior advisor at the financial services firm. US gas prices, which climbed to unpr...
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