A contrarian view of the potential of shale gas from the very experienced and credible Mr. Henry Groppe:
“Everyone thinks [shale gas] is going to solve all of our problems. There are very optimistic estimates about the economically recoverable volumes of gas from this new resource,” … “That’s dominating everyone’s views about the gas supply picture – that we’re going to be flooded with gas.”
The reality, he argues, is that shale gas deposits are a tiny part of the North American production pool – and they are already depleting fast.
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