The production of the oil and natural gas in the United States reached peak during 1970 and the veterans of the oil sector is performing evaluation to find, how long the oil and natural gas resources will be able to meet the raising global demand. For the past few years the extraction of oil and natural gas from the oil wells are drilled excessively and anyone could not predict the amount of oil and natural gas present. According to the predictions made by many people across the world, the supply of oil and natural gas has reached its peak but it could not satisfy the global demand. Leading countries like United States used to supply crude oil at cheaper cost, those days are passed away. Globally leading countries like United States, China ,India etc are questing for oil reserves to meet the future demand but unable to find oil rich wells. Every investor across the globe in keen and avid to read news on gas and oil and the best place Gas and Oil News to read such news is this website.
Rapid growth in technology and the investments in oil and natural gas sector have led to advent of many innovative technologies, which will ease the shale gas drilling operation. New drilling method like horizontal drilling is practiced to find oil and the areas which were previously considered as fully exploited, has oil resources in them. The rigorous exploration for fossil fuel by various international companies will lead to a huge increase in the price of the oil and gas products, since more intense methods are used for exploring oil.
The process of coal mining was started during the middle of seventh century in the state of Pennsylvania. Primarily the coal extracted was not used for producing electricity, only after eighteenth century the coal was used for lighting the houses. The main aim of coal extraction was to feed the steel industries but after few years coal was used for generating power. Then it started to flourish globally and coal mining practices was adopted by many countries and international companies. United States predominately depends on coal for their energy needs but the coal affects the environment largely. The coal when burnt releases much gas that affect the greenhouse and leads to global warming. Moreover the water bodies in the state of Pennsylvania are highly polluted and in many areas of the United States aquatic flora and fauna are disturbed.
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