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Ohio Utica Shale

North America may export shale energy within decade, ConocoPhillips executive projects

By Jim Mackinnon Published: March 7, 2013

The Chinese People's Daily Online is covering the CERAweek energy conference in Houston and had this to say regarding U.S. shale development.

People's Daily wrote: "Shale development is growing fast enough that North America could become an energy exporter within a decade, the chief executive officer of ConocoPhillips said here Tuesday.

"ConocoPhillips CEO Ryan Lance also said in a speech to the IHS CERAWEEK energy conference in Houston that the U.S. federal government should allow future LNG (liquefied natural gas) exports, and at some point, "even exports of oil."

"'We live in an interconnected, mutually dependent world that needs free trade,' said Lance. 'In the case of the U.S., this means allowing future LNG exports -- and perhaps at some point even exports of oil.'"

Read the whole story here.

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