Why Shale Oil is not the Game Changer we Have Been Led to Believe - Part 2

Why Shale Oil is not the Game Changer we Have Been Led to Believe - Part 2

by (Chris Martenson)

…continued from part 1Where We Are, in Three Simple ChartsOne narrative that is being heavily marketed right now is that the shale plays are true game-changers and there's really nothing to worry about for the foreseeable future.  Heck, the story says that the U.S. will soon exceed Saudi Arabia in oil production and become energy independent, that it has so much natural gas that it might as well build export terminals, and that there's 100 years of natural gas just waiting to be used.Unfortunately, none of this is really true. …Read more...http://oilprice.com/Energy/Crude-Oil/Why-Shale-Oil-is-not-the-Game-Changer-we-Have-Been-Led-to-Believe-Part-2.html