Here is an interesting read on shale gas in the US.
“The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,” an analyst from IHS Drilling Data, an energy research company, wrote in an e-mail on Aug. 28, 2009.
Great timing with this observation. The BOC appears convinced about the efficay of shale --check out p. 11 of the MPR released today: "Natural gas prices are also expected to rise, based on the latest futures curve (Chart 11), but increased shale production should keep them low relative to their historical relationship with oil prices."
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