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Over the past decades, one of the major focuses of petroleum industries has been to develop shale gas exploration technology.
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Beyond that, another plan is to develop shale gas in the hope of copying America's shale gas revolution.
Although many tremendous efforts have been made to develop shale resources, the ultimate oil recovery is still low (5 10%).
"We should not put too much stress on this right now, but in the long run, it is necessary to develop shale gas as a supplement to our conventional gas supply.
There is good reason to develop shale, too.
The Conservative MP, sacked by David Cameron in July, also said the government was losing the battle to develop shale gas to a very powerful "green blob" of environmental campaigners.
Due to the extremely ultra-low permeability of the reservoirs, it is a great challenge to develop shale reservoir commercially.
The main geostrategic reason for Beijing to develop shale gas for transportation is that the U.S. Navy controls the Pacific and most Chinese oil arrives by tanker.
China has a big incentive to develop shale gas, because it is poised to become the world's largest importer of natural gas and it wants to reduce its dependence on coal to clean up the air of its cities.
The incentives to develop shale oil and natural gas are very great.
Congress lost interest in energy conservation, and projects to develop shale oil and other alternatives were dropped.
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