Rising Natural Gas Demand Turns Investors on to Shale Gas
April 08, 2011 at 06:00 AM EDT
Natural gas will become more important as the world slowly transitions to renewable energy sources, making shale gas reserves a hot topic in the energy industry. A recent report from Canadian investment bank AltaCorp Capital Inc. said natural gas use could increase nearly 80% over current levels by 2050. "In the move towards increasing use of renewables, natural gas will play a much bigger role than just 'bridge fuel,' we believe it will become the largest source of energy on the planet," AltaCorp analyst John Mawdsley wrote in the report . "We expect companies levered to natural gas, especially those with long-term unconventional resources, will see significant share price appreciation as natural gas demand increases."