Saturday, March 15, 2014

The Shale Bubble

Shale Bubble says that we're in a shale drilling bubble. Prices are below cost so that Wall Street can profit on mergers. I can't comment on that, but they have produced a nice Map. "Over 63,000 shale gas and shale oil (tight oil) wells in the U.S. were analyzed in the effort to produce ‘Drill, Baby, Drill‘. Mouse over any well to find production data on both the well and the play as a whole, or type in a location to see what wells are nearby. View full screen map here."

Screen Shot 2014 03 15 at 5 48 46 PM 500

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