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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (177341)	3/31/2013 4:00:23 PM
From: Dennis Roth	2 Recommendations Read Replies (3) \| Respond to of 206110

American shale gas project is a bubble about to burst – Gazprom CEO Published time: March 30, 2013 16:57 rt.com The extraction of shale gas in the US is unprofitable and this “soap bubble will burst soon,” believes the CEO of Russian gas giant Gazprom Aleksey Miller. “Currently, there aren’t any projects that we know of where shale gas production would be profitable,” Miller stated, adding that “absolutely all the boreholes” are in the red. There is an opinion that the whole thing is just a “soap bubble,” Gazprom head pointed out in an interview with Rossiya 24 TV channel. The US “is not a competitor” for the Russian energy giant, Miller stated. “We are skeptical about shale gas,” he said, as cited by Interfax. Therefore, Gazprom sees “no risks” for itself in the development of shale gas energy in the US. America still remains a country with a deficit of gas – it is the largest gas market and the largest consumer of this fuel, Miller said... ==== Sounds like Gazprom's Miller is still dreaming of selling us lots of LNG. ==== ...According to experts, the increase in volume of shale gas production corresponds with the dip in natural gas extraction on US territory, Gazprom CEO noted... === Hmm...