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To: upanddown who wrote (124783)10/10/2009 1:50:40 PM
From: zebra4o12 Recommendations  Read Replies (3) | Respond to of 206140
 
I've been puzzled about shale gas outside of North America for two years now. Can't understand why it has taken so long for this obvious technology transfer to start. Are there some kind of mineral rights problems in Europe and China that have slowed things up? Or North America has a more entrepreneurial oil and gas industry? What gives?

As an LNG investor, (IOC, GTLS, BG, etc.) makes me extremely very nervous to think that China and Europe might develop gas gluts just like the US.

And it sure would be nice to know how shale gas in North America plays out over the long term. Is it really as cheap as it seems? Or we are just experiencing a typical production overshoot from high gas prices one or two years ago?