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Message: Re: Same situation all over america and beyond

Mar 13, 2011 11:04PM

'Without shale, NG prices are $15+ easily.'

There are lots of gas out there waiting to be exploited. In Europe, there are no commericial production of shale gas. As we move forward with this industry in places like US, Canada etc., gas prices will be quite depressed as markets get oversaturated. I just hope that gas plays will be profitable in the long term...

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