Given how swiftly expectations have shifted to describe America's energy prospects, however, some caution may be warranted.
At the same time the government's income from energy exports, added to other revenues such as from the Suez Canal, is big enough to help keep the overall tax burden light, at 16% of GDP.Better still for Egypt, it has bright energy prospects aside from oil and gas.
Last year, I asked this question: "Can China Follow U.S. Shift from Coal to Gas?" The country has vast reserves of shale gas but lacks expertise and experience in hydraulic fracturing, also called fracking, the innovative mix of technologies that is poised to transform America's energy prospects (if drilling is done with communities and the environment in mind).
China has been pulled in by energy prospects as well, but also by its desire to quash support for Uighur separatists in its western province of Xinjiang.The oil has to be moved from its source to its market, a problem of pipeline politics that has yet to be solved and which affects not only producing countries, but also their neighbours.
Exploration has been picking up in recent years off the coasts of Newfoundland and Labrador and Nova Scotia, where the federal and provincial governments are trying to replace the flagging fish industries with energy prospecting, and there have been major hydrocarbon discoveries in the last few months.
But opponents argue the measure which includes jail terms of up to 3 years for violators would damage research and energy prospecting efforts in Italian waters, and that there are less onerous ways to protect sea life.
Current Green-Energy Prospects.
Their efforts have darkened green-energy prospects in could-be solar superpowers like Arizona, Nevada - and especially Florida.
But while the do indeed provide clean, green energy, the prospect of "another Chernobyl" is enough to make every single one of these projects controversial.
