Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, January 17, 2013

Why Shale Oil is Not the Game Changer We Have Been Led to Believe - Part 1

Why Shale Oil is Not the Game Changer We Have Been Led to Believe - Part 1

There has been a very strong and concerted public-relations effort to spin the recent shale energy plays of the U.S. as complete game-changers for the world energy outlook.  These efforts do not square up well with the data and are creating a vast misperception about the current risks and future opportunities among the general populace and energy organizations alike.  The world remains quite hopelessly addicted to petroleum, and the future will be shaped by scarcity – not abundance, as some have claimed.This series of reports will…Read more...http://oilprice.com/Energy/Crude-Oil/Why-Shale-Oil-is-not-the-Game-Changer-we-Have-Been-Led-to-Believe-Part-1.html

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