French Counterpoint’s website said: There is an abundance of gas and oil in many parts of the world, especially in the active countries that invest to find them, and in the forefront of these countries, the United States.
The website asked in a report by Michelle Gay why the spotlight on gas and oil exploration is not highlighted? And whether it is politically wrong to raise the issue.
Michelle Gay says Texas is so full of oil and shale gas that existing pipelines are saturated, making it necessary to burn or dissipate gas. “Texas has to cut production until a new way is found, because it is impossible to export the extracted quantities,” he said.
The author points to the existence of projects to transport gas to the Gulf of Mexico for liquefaction, and then export by private transport vessels.
The French website said the United States overtook Russia and Saudi Arabia to become the largest crude oil producer in 2018, according to the US Energy Agency, as production rose to 10.4 million barrels per day in 2018, and will increase to 11.5 barrels per day in 2019.
The Rest of the World
In other parts of the world, India agreed in August to explore and produce oil and shale gas alongside methane, and Prime Minister Narendra Moody announced his intention to reduce the Indian dependence on oil and gas importers to one third in 2022, and half by 2030.
In Egypt, officials announced on July 23, 2018, a new discovery of natural gas in the Nile Delta, while marine gas was discovered off Trinidad and Tobago. In Niger, Chile, Indonesia, Myanmar and Mexico, new deposits of gas and oil have been discovered.
In Guyana, Exxon Mobil also estimates the potential for extractable gas at 5 billion barrels of oil equivalent and plans to produce about 750,000 barrels per day by 2025
In Europe, by the end of 2019, Poland will start producing 50 million cubic meters of shale gas annually, while Total announced on September 24 that it had discovered a gas presence west of the Shetland Islands in the United Kingdom.
France has put an end to research and exploitation in the fossil fuel sector and has thus broken off with the energy industry, which means the end of many professions, the transfer of investments to less stringent countries in the field of the environment, and the depriving of the French of potential wealth.