Here's why China won't have a shale boom

Flickr/whertha

• China may not have that shale book after all, as its shale is located deep beneath rocky terrain, making it hard to extract. 
• China is now developing fracking methods to combat the dilemma. 
• Certain parts of China simply didn't have heating last winter.

---

A few years ago, there was a lot of talk about a Chinese shale revolution as the country’s fast-growing demand for natural gas sparked enthusiasm in the exploration of its potentially huge shale gas reserves. Then the hype died down as it turned out that the enthusiasm was premature. Now it’s back with a vengeance and a set of homegrown fracking technologies that could finally spur the development of those huge resources.

China has recoverable shale gas reserves of 1,115 trillion cu ft, the latest estimate of the Energy Information Administration from 2015 shows. This makes the country the biggest reservoir of shale gas, with Argentina a distant second with a little over 800 trillion cu ft. Yet, it is very unlikely that China will be able to repeat the U.S. shale gas boom.See the rest of the story at Business Insider

NOW WATCH: Google, Apple, and Amazon are in a war that no one will win

See Also:

• NFL athletes, supermodels, and the US Army all swear by this former Navy SEAL’s affordable workout gear
• Sean Hannity responds to 'ironic' report that detailed his $90 million property empire
• Chinese cities wanting peace and quiet are using acoustic cameras to catch honking drivers