Just like the famous Gold Rushes of the 19th century, US shale gas development is turning out to be a limited and regional market opportunity. Across the Atlantic, the high financial and human costs to fracking also mean that Europe should forget any fantasies about repeating the US shale boom.Has Shale Reached Its Breaking Point? Photo Credit: Michael G McKinne / Shutterstock.comMany US shale companies that have been beating the drums of shale “revolution” are now facing oil and gas well depletion. In February 2013 the US Energy Information…
via OilPrice.com Daily News Update http://oilprice.com/Energy/Natural-Gas/Has-the-Shale-Bubble-Already-Burst.html
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Prometheus Institute 