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Investment Analysis Clubs / The BMW Method


Subject:  Re: Excelon - EXC Date:  12/24/2012  3:01 PM
Author:  mauser96 Number:  40868 of 42233

Shale hydrocarbons outside the US are a very iffy proposition.

the real culprit in this story isn’t so much the low hanging political fruit of Central and South East Europe facing an uphill geological and geopolitical shale battle, but the raft of Western European states that have taken shale off the table. Russia is against shale oil, these countries a have let themselves get totally dependent on Russia for present NG supplies. At this time Russia does not have either the desire or the technology to develop it's own shale NG.

I'm no geologist but inside the US some big "shale"areas like the Bakken actually produce from non shale layers (dolomitic limestone) sandwiched between shale layers. In many cases shale tends to be more of a source than a reservoir.
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