(EMAILWIRE.COM, September 11, 2008 ) Dallas, Texas - Big Oil Stocks, New Natural Gas Discoveries are a Booming Texas

The Barnett Shale is the Next Big Energy Play

The Barnett Shale in Texas lies underneath 17 Texas counties is poised to become one of the most important gas fields inside the United States.

Many geologists believe that the Barnett Shale play could possibly be the largest onshore natural gas field in the U.S., with 2.5 trillion cubic feet of natural gas! Some resource estimates were as high as 30 trillion cubic feet.

Natural gas prices have tripled over the last few years and could continue to rise.

Natural gas is also the world’s cleanest fossil fuel, emitting 45% less carbon dioxide than coal and 30% less carbon dioxide than oil. That makes it an important transition fuel that could give solar, hydro, and wind-power technologies time to become more productive and efficient resources.

A large domestic supply of natural gas would lower utility costs nationwide, reduce U.S. dependence on foreign oil, and help combat global climate change.

"Shale is the most significant domestic natural gas find in 50 years," Chris Ruppel, an analyst at the institutional brokerage firm Execution, told The NY Times. Ultimately, this could mean "the United States will become gas independent, and more industrially competitive versus Europe for gas-intensive industries such as chemicals, fertilizer, smelting iron and aluminum."

Stay Tuned Big Oil Stocks Next Big Pick is Coming Soon!

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