Good post Chris!
I first read your writing a couple of weeks back with your "Why energy journalism is so bad" post. I started out a half a year ago reading about the petroleum industry and energy economics and was very confused. took me a long time to get my head around the spin and outright BS. I wish I'd had your post on energy journalism available when I first started my reading!
Anyway I very much agree with your summary of the economics of the shale gas play.
A couple of articles I've come across that should add to the discussion and complement your post.
Wood Mackenzie on shale gas play break-evens.
http://www.ogfj.com/articles/2011/08/playing-a-smart-shale.htmlAnd a Rigzone "Musings from the oil patch" opinion.
http://www.rigzone.com/news/article.asp?a_id=113141If this shakes out as badly as I think it might I can imagine that a lot of investment will never come back to the shale gas plays. And that is probably for the best!
Thanks,
Andrew
