Market Update to Sept. 16/10 Red Deer
Price Range	All Active	Pending	Active 1 Year Ago	Sold MTD Sept. 9/10	Sold MTD Sept. 16/10	Sold MTD Sept. 16/09
< 100	28	2	25	0	0	1
100 – 150	41	2	28	3	5	2
150 – 200	76	2	54	2	5	4
200 – 250	101	6	108	10	11	12
250 – 300	153	9	71	10	15	13
300 – 325	57	7	42	3	5	10
325 – 350	68	5	42	4	8	11
350 – 375	40	3	32	4	5	5
375 – 400	54	3	44	1	3	4
400 – 450	46	0	39	2	4	9
450 – 500	34	3	24	0	0	3
500+	79	5	66	1	1	1
Total	777	47	575	40	62	75
Avg. Price	$327,771.		$332,399.	$283,035.	$284,164.	$308,400.
Days On Market	57		51	56	58	43

Natural gas risks worthwhile: Shell CEO – Canada is home to many promising natural gas reserves trapped underground – September 13, 2010, Canadian Press

 

The promising natural-gas industry carries environmental risks as companies work harder than ever to unlock it, a top international oil executive conceded Monday at the World Energy Congress in Montreal.

 

Royal Dutch Shell CEO Peter Voser told delegates at the conference that the world is on the cusp of a natural gas supply boom.

 

He said recent events – like the Gulf of Mexico oil spill – are a reminder that sometimes things can go wrong.  “I realize that there’s some public concern that fracturing could affect fresh water layers in the ground,” Voser said in his keynote speech at the conference.

 

“We take that concern seriously … Whether we like it or not, producing energy and delivering it to billions of customers around the world comes with certain risks.  “Rather than closing our eyes to that reality, we must confront risks and manage them as effectively as we can.”

 

However, Voser strongly defended the potential of natural gas as a clean and abundant energy source that will help countries reduce their overall greenhouse gas emissions. He even called on governments Monday to loosen regulations, and allow natural-gas extraction to reach its full potential.

 

The head of Europe’s largest oil company says the fuel will play a bigger role in the global energy mix in the coming decades.

 

He predicts the world’s annual natural gas demand will increase by 25 per cent by 2020 – and almost 50 per cent by 2030 – as emerging countries like China continue to grow.

 

“A key question is whether the world’s appetite for natural gas will keep pace with supplies,” Voser said.

 

Tapping into deep gas reservoirs is easier than ever with the help of new technology — and Canada is home to many promising reserves trapped underground.

 

Shell owns extraction rights in British Columbia, where the corporation is already producing enough gas to power more than 400,000 homes. Voser used Shell’s operations in B.C. to illustrate Canada’s potential in shale and tight gas, both of which must be extracted from rock deposits.

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