News Analysis: China Estimated With 36.8 Trillion Cubic Meters Of Shale Gas will help defuse soaring Gas Energy Costs, due to Demand, by Increasing Supply. It is estimated by some, to have the World’s Largest Deposits of Shale Gas. As China increases its Prowess in ‘Fracking” Technology, more gas will be produced through this means.
Some people say: As more Energy Resources are discovered Everywhere in the World, perhaps its Citizens will realize that Petrochemical Formation is a “Natural Earth Process Occurring Over the Millennia”.
Often opined is: The “Scarcity of Supply” Mantra ‘Only benefits those who sell Petrochemical Products to Anxious Customers who believe such Drivel’. Commodity Traders sometimes make more money per barrel than those who actually produced the oil by drilling. Fantasies like ‘$200.00 a barrel” for oil are told to airlines, to sell more “lightweight” aircraft. A future with “$15.00 a Gallon ‘US’ gasoline” which was touted to the public to help sell smaller cars with four and six cylinder engines, never materialized.
The Morality of the Marketing to the Masses is not very high. Reality.
Reference: http://www.scmp.com/business/commodities/article/1364705/spt-turns-bullish-shale-gas-outlook