Re: All That New Shale Oil May Not Be Enough as Big Discover
Posted: Fri 29 Dec 2017, 16:20:24
China has become the world’s third-largest shale gas producer, after only the U.S. and Canada, Iran’s PressTV reports, adding that last year, China pumped almost 8 billion cubic meters of shale gas.
What color are your eyes, because as usual you are full of it. Gas is not oil! If you can't tell the difference you need to specialize in something else; like underwater basket weaving. China produces a lot of gas from shale, but almost no oil. Ever wonder why? Shale gas is cheaper than $120 coal, but shale oil is more expensive than about anything. Shale oil is an energy zero commodity.
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