The Rush For Shale Gas: How Good Is It For The Economy?

The first extraction and discovery of shale gas can be dated back to the 1800's, but it was soon overshadowed by typical gas reservoirs and their low-cost extraction. However, with technological advancements and the reservoirs of natural gas running low, Eagle ford Shale Mexico is becoming an important agenda of several administrations around the world.

Mexico is known to possess 681 trillion cubic feet of shale reserves. There is absolutely no doubt that this can have a tremendous effect on the global energy market. Not only Mexico but its neighboring countries will be able to cut down or reduce dependence on natural gas imports and LNG, causing a drop in the prices.

But the main problem with the whole procedure is extraction, also called "Fracking". Hundreds of environmentalist from around the world agree that the procedure can pollute aquifers and the chemicals used for fracking can cause a lot of harm to wildlife and humans. It is believed that "Fracking" necessitates the use of around eighty different kind of chemicals that are inserted into the ground to liberate the shale gas. However, these gases flow back with radioactive materials and other harmful substances.

Recently in countries like UK, "fracking" was linked to minor earth tremors, low magnitude earthquakes. Hence, before beginning shale extraction, it is important that studies and regulations are developed to create a harmless and safe extraction process. Like extractions of oil, shale gas extraction must be regulated accurately to make sure that even though it is a profitable "fuel" it will not instigate more destruction than good results to the global economy and most of all to the environment. Eagle ford Shale Mexico can be extremely beneficial for the energy sector if safer and advanced procedures are developed to extract the gas without wreaking harm to life.