Small firms, not big guns, drive US shale revolution - The National:
"The US shale revolution was driven not by the oil industry's big guns, but by small, independent companies that pounced on the opportunity presented by high gas prices and innovative production techniques.
Smaller outfits often break new ground in the oil game, as they are more nimble and willing to take bigger risks. But as the price of natural gas came crashing down due to surging production, shale started to move into the mainstream and the oil majors started paying more attention.
Shale, as part of the unconventional oil and gas spectrum, looks a secure investment in times where gas is a sought-after commodity for power generation and petrochemicals, and the oil price remains stubbornly high."
'via Blog this'
No comments:
Post a Comment