The combination of shale reserves and fracking technology has created vast new reserves that are fundamentally different than gas and oil pockets in the past, he said.
If estimates of undiscovered resources and future improvements in technology are included, reserves are likely to last well into the next century.
Today, economics, the U.S. shale gas reserves, advanced technology, and fuel economy and emissions standards are driving natural gas towards historic levels of market penetration.
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On the call, Mr. Einhorn also criticized the broader practice by technology companies of building large cash reserves to protect themselves against unexpected downturns, or to fund possible acquisitions.
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The U.S. Energy Information Administration estimates that China's shale formations hold 1, 275 trillion cubic feet of gas that can be extracted using current drilling technology, or more than the recoverable reserves in the U.S. and Canada combined.
Even so, 170 billion barrels places Alberta second only to Saudi Arabia in terms of proven oil reserves, and ever-developing technology is likely to bring more in reach.
But most of the country's reserves remain untapped because Pemex lacks the technology for exploration.
They recently discovered significant new oil reserves, and we can share American technology and know-how with them as they develop these resources.
That is how the trio founded Tresalia ("tres aliadas" or three allies) and started investing in sectors with high growth potential such as technology infrastructure, telecommunications, real estate development and land reserves.
It lacks the funds to invest in technology that would allow it to go after proven deep-sea reserves.
Mr. Criminale, an information technology specialist at the University of Washington, likes his Tekos so much he reserves them for special occasions.
So if the environmental and economic upswing is so great, and the technology already exists, what needs to happen for the U.S. to harness its efficiency reserves?
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