By Celsias
Posted on Jan. 3, 2012. Listed in:
A warning from the New York Times that could so easily have been written with New Zealand in mind:
"More than 30 countries, including China, India and Pakistan, are now considering fracking for natural gas or oil, and the surge in gas production has spurred interest in building pipelines and terminals that liquefy the fuel so it can be shipped to far-flung markets. In the United States, shale gas has increased supply, driving prices down and benefiting industrial plants that use the gas for manufacturing and consumers who depend on it for electricity, heating or cooking.
But the enthusiasm abroad, especially in less-developed regions, does carry risks, according to many energy experts.
“The big problem is that all the excitement around shale gas, most of it fostered by the U.S., has also led some countries, especially in the developing world, to take a drill-first, figure-out-regulations-later attitude,” said Professor Klare, who has written extensively about the way that energy policies affect global security. “There is simply too much being taken on faith when it comes to company reassurances about the safety and costs of this drilling.”









