31 May 2012 23:01 [Source: ICIS news]
The water savings were among several benefits of shale gas that were brought up by Marianne Kah, chief economist for the US oil and natural gas producer.
She spoke during the 2012 NABE Industry Conference, held by the National Association for Business Economics.
Full cycle, natural gas was also cheaper than coal and nuclear power, even when natural gas was priced at $5/mcf, Kah said. Plus, natural gas produced about half of the greenhouse-gas emissions as coal.
"You are starting to hear plans for new natural-gas-fired plants being built," she said.
She said lower natural gas prices could increase the US GDP by 1.1% in 2013 and boost industrial production by 3% in 2017.
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