How does shale gas affect the US dollars?

Some analysts expect that shale gas will greatly expand worldwide energy supply not reduce demand, [8] I believe on this opinion as well. Look at the fact below ... Petronas has emerged as one of the biggest champions of western Canada, but hasn't made a final decision yet on its own multibillion-dollar project. read more

Shale gas or shale oil is profitable only when extracted in volumes much higher than your traditional volumes methods. Thereafter, it's a direct correlation between export of gas and USD strength in REER basis. Put simply, shale gas is produced in higher volumes, which enables US to sell it cheaper as supply increases, for the same demand. read more

In 2009, US shale gas production grew 54% to 3.11 trillion cubic feet (88 billion cubic metres), while remaining proven US shale reserves at year-end 2009 increased 76% to 60.6 trillion cubic feet (1.72 trillion cubic metres). read more

Shale production in 2011 was approximately 8.5 million of million cubic feet (MMcf), an overall increase of 327.2 percent from 2007. 8 As a percentage of all production, gas from shale formations increased from 8.1 percent in 2007 to 29.9 percent in 2011, while total extraction (gas removed from wells, coal beds, shale formations, etc.) rose 15.5 percent―from 24.6 million MMcf in 2007 to 28.5 million MMcf in 2011. read more