The U.S. shale revolution could be threatening the country’s natural gas supply, a leading energy analyst warned.
The surge in gas prices is a natural reaction to the increased use of hydraulic fracturing, or fracking, by producers like ConocoPhillips, which is based in Houston.
Fracking involves injecting high pressure water and chemicals into the ground to break up rock and release the gas, which may include methane.
The process releases some of the gas in the process, but it’s still not considered a natural gas resource.
It is estimated that shale gas will become an abundant energy source by 2040.
But the U.N. climate change agency expects that to happen within the next decade, when global CO2 emissions are expected to peak at about 1.5 percent of the world’s total.
That’s the threshold for the international agreement called the Paris Agreement, which will cap global warming to two degrees Celsius.
The Paris Agreement aims to limit warming to 1.7 degrees Celsius by the end of the century.
That would require burning fossil fuels to cut emissions.
But a new study published by the Energy Information Administration said that, if gas prices stay low, prices could be an important factor for the U,S.
It also said the spike in gas demand could cause gas prices to spike again in the coming years.
If prices stay at or near their current levels, it would cause a sharp slowdown in economic growth and could trigger a global recession, the EIA said.
Gas prices are also likely to increase when new technology is introduced that will allow natural gas to be extracted from shale rock more efficiently, and that could lead to higher prices, the study said.