At 13:09 02/04/2013, you wrote:
How can anyone believe it will be back to business as usual? Sally
An awful lot of people are still in denial -- financial journalists, stockbrokers, managers of pension funds, to say the least -- they can't afford to think of what is likely to be a very different world. In particular, there'll be no boost from the shale gas So far, it has only substituted for the LNG (liquified natural gas).that America had been importing from Qatar. Shale gas production in America has already been stabilized because all the existing gas-fired power stations are in use and it will be years before enough new ones have been built. Further huge investments will have to be made so that new petrochemical plant can arrive at a better balance between oil and gas inputs. Political storms are already rising between those who want to increase shale gas production in order to export it in LNG ships and thosee who want America to become isolationist.
Keith
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