This is a game changer in our find of natural gas. As this gas that is tied up in the rock formation over 1 mile down in the earth with proper drilling procedures which all the major oil companies are doing there is no threat to the aquifer where we get all our drinking water. This public scare is unfounded and is another instance of myth as compared to reality.
Because the price of natural gas with all this supply will be more stable and can now compete with coal this will change the economics of the power generation industry. Look for more conversions to natural gas for power generation and a real change in what type of plant will be built.
This is explained in detail in the article that can be seen here — http://www.bloomberg.com/news/2012-02-27/buffett-says-energy-future-bond-bet-at-risk-of-being-wiped-out.html