(Source: QNB - Qatar National Bank SAQ) Web Posted on : Sun, 26 May 2013 The application of new techniques for extracting hydrocarbons, that were previously not economical, is changing the rules of game for global oil and gas, particularly in the US. QNB Group explains that not only will the US soon become a net exporter of gas, it is also likely to eventually become self-sufficient in oil. All hydrocarbons originate from organic material (plants and animals) that was deposited many millions of years ago in lakes, seas and forests. Over time, some of these deposits were buried, compressed and heated, converting them into oil, gas and coal. In places these deposits formed large pools of...
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