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June 16, 2008


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Actually, it is and is being used for multiple purposes, but if you read my posts, I did not mention shale deposits. What I said was that "there is far more CONVENTIONAL GAS around the Gulf of Mexico that is cheaper to extract and thousands of miles closer to the markets just waiting for the right moment". Consider the Henry Hub pricing point in Louisiana- just getting AK gas to the US border will cost more now than the HH price! The reason that most shale deposits have not yet been tapped is due to the low price. I do agree that it is more expensive to extract than from a standard reservoir, but you don't need to pay the extra $5 per mcf for transport. You also neglect the massive foreign supplies that will depress prices for a long time to come.

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  • We'll have a lot of decisions to make in the face of Arctic climate change. This blog is about the range of available choices, and about the tradeoffs involved in making them. Ben Muse, an Alaskan economist, is the blogger. Muse works for a resource management agency. However, any opinions expressed here are his and not necessarily the positions of any former or current employer. In the interests of full disclosure, Muse's current employer has fisheries, marine habitat, endangered species, and marine mammal management responsibilities in the Arctic.

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