When 'Revolution' Is Simply History Repeating Itself

摘要

Shale, shale, shale-it's the new mantra of the oil and gas industry. Production of hydrocarbons from reservoirs with low permeability is destined to make the United States energy independent in the very near future. It's a "revolution"-The Shale Revolution-say journalists and analysts worldwide. And now that same "Shale Revolution" is spreading throughout the world. True? Well, the media says so-repeatedly on the 24/7 news feeds that have to say something to fill those 24/7 slots. And there is the "let's hype this or that stock" factor so prevalent in analyst commentary.