Politics and regulations, not supply and demand, hide behind oil and gas prices! Yes, we figured that out, and here's yet another sample case, confirming predictions that our planet is packed with huge (practically unlimited) fuel resources. Our economies would have a hard time to exhaust all natural gas and crude oil reserves over several centuries. And by the way, another pertinent prediction would allow a century or so for new and smarter scientists of the morrow to extract the works of Nikola Tesla from the secret drawers and give us public portable ZPM's. So that most of the oil and gas will remain, forgotten, beneath the dust of a legacy industrial gone age.
Which country has the most shale gas reserves outside of the United States and China?
Australia? Wrong again.
According to the U.S. Energy Information Administration (EIA), Argentina ranks third in recoverable shale gas reserves. Argentina has 774 trillion cubic feet (Tcf) of technically recoverable shale gas resources, with more than half of that in the Neuquén Basin on the western side of the country.
Study the shale gas reserves map of Argentina and read the rest here.