News End-User News Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom
Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom
Monday, 23 August 2010 10:34
Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Delicious Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Digg Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in FaceBook Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Google Bookmarks Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Stumbleupon Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Technorati Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Twitter Submit Analysis: Big Bets on U.S. Oil Bonanza After Shale Gas Boom in Twitter
As the U.S. shale gas revolution enters its third year, companies are making big bets to try to recreate that success with the billions of barrels of oil locked in the sedimentary rock even though geologists doubt the actual production potential.

New technology has enabled companies to extract gas from previously uneconomic shale plays, triggering a boom in production that has driven down prices in the giant U.S. energy market and triggering a spate of takeovers by oil majors eager to get in on the action.

Source: Reuters

View Full Article
 

eVM_ScreenshotSubscribe to eVM News…

Get the latest industry headlines plus news about VMA, upcoming Valve Magazine articles, product highlights and more, delivered 8 times per year.

Click here to subscribe. Or, view the most recent edition here.
Valve Magazine is published by the Valve Manufacturers Association of America. © - All Rights Reserved

RocketTheme Joomla Templates
..