Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Hi, TheOilDrum had your tipical anti-wind post last week that discusses this in more detail. What most folk are missing is that shale gas is not in the least commercially feasible with the sort of prices they have today in the US. According to the figures the industry has been providing to the supervising authorities most operations require a price north of 7 $/Mcf to be viable. In fact the US is living a process of gas supply destruction, propelled by the production of associated gas in oil fields. Also at TheOilDrum there's a recent article explaining this dynamic.

In Europe I remain sceptical regarding large developments in shale gas. Giving our much higher population density, any sort of water table contamination can mean that the next days many thousands of folk are left without potable water. To be seen how can this will play out.

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Jan 28th, 2012 at 04:38:10 AM EST
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