Eni, an Italian oil and gas company (11th largest in the world), recently issued Volume 2 of its annual Global Energy Outlook. It’s titled “World Gas and Renewables Review” (full copy below) and it’s full of interesting statistics about natural gas and the U.S.’s role in producing it. For example, when it comes to estimated reserves–how much natural gas is in the ground that we might conceivably be able to extract–Russia, Iran, Qatar and Turkmenistan (!) all have more natural gas reserves than the U.S. We’re #5 down the list, after Turkmenistan. And yet, when it comes to production, the U.S. is #1. The difference is, of course, fracking.
Eni, an Italian oil and gas company (11th largest in the world), recently issued Volume 2 of its annual Global Energy Outlook. It’s titled “World Gas and Renewables Review” (full copy below) and it’s full of interesting statistics about natural gas and the U.S.’s role in producing it. For example, when it comes to estimated reserves–how much natural gas is in the ground that we might conceivably be able to extract–Russia, Iran, Qatar and Turkmenistan (!) all have more natural gas reserves than the U.S. We’re #5 down the list, after Turkmenistan. And yet, when it comes to production, the U.S. is #1. The difference is, of course, fracking.