H00055336

The concept of shale gas and oil has been one that has changed the energy landscapes recently; United states have been able to increase the production of the energy resources based in this new technology. This, they believe will lead to longterm energy security for the country. However, the discussion shows this is not to be the case. The discussion first indicates that shale is not low cost; the manufacturing costs are high and the actual breakeven cost is as high as $95 per barrel. On the other hand, the discussion indicates that the actual length of the availability of the resources is not very high; within few years time, the shale oil resources will end.
Thus the discussion indicates that the renewed enthusiasm about this method of oil extraction and the low costs are not realistic. The method also has a high extraction cost as well as high impact on the environment and the infrastructure. Thus shale oil is unlikely to be the solution for the energy needs of the world. The discussion states that the only realistic approach in this context is to reduce oil consumption and be socially responsible. Further, the companies have to act on realistic estimations rather than focused on short-term misappropriations just to show unrealistic profits.
I believe that the only long-term solution is the changing of the lifestyle; we have to change the technologies we use and we have to make sure we preserve these resources. Certain analysts identify shale as a solution to an energy problem the world is faced with. This is not true and the only best outcome is to develop social changes to meet these future challenges. It made met feel determined to work towards reduction of the personal usage of renewable resource and be responsible about it.

1Vast = Of very great area or extent (the palace is very vast, he is rich man)
2Swamped = To flood or drench with water or the like (don't take a loan from the bank, you will swamped in debt)
3Preserve = To keep safe (We should preserve our health from any harm)
4Reasonable = make sense (I can't pay 150000 for a master degree, this is not reasonable price)
5interpretation = an explanation of the meaning (this interpretation is wrong, I didn't say that)
6proximity = Nearness in place or anything else (you should realize that proximity is important to ENTREPRENEURSHIP)
7homogeneous = of the same kind or nature; essentially alike (is it true that our objective is homogeneous)
8purports=To convey to the mind as the meaning or thing intended; expre ss or imply (He purport to the teacher that I was cheating from him)
9preposterous = completely contrary to nature (he think his idea is right, no way it's preposterous)
10bogus = not genuine (ignore this item, it is totally bogus)