http://www.bloomberg.com/news/2012-01-31/exxon-says-two-polish-shale-wells-were-not-commercially-viable.html
When an energy giant like Exxon strikes out...the entire sector must pause for a rethink.
Exxon/Mobil recently got commercial zilch from 2 test wells in Poland's allegedly vast shale gas reserves.
The USA has claimed that Warsaw had 187 trillion cubic feet of recoverable gas locked away in its shale.
But Exxon's failures follow some other recent disappointing shale gas results.
However...experts still claim it may be to early to dismiss all that Polish gas potential.
Meaning that Moscow can't yet relax and count on continued nat gas monopoly.
Popular Posts
- VENEZUELA: China Will Help Finance 3 New Power Plants For $520 Million In Oil.
- MEXICO: 2 Girls Scale U.S. Border Fence... In Under 18 Seconds.
- BRASIL: Contract To Build Belo Monte Dam Is Awarded; Bloodshed Threatened.
- POLAND: Palikot Already Stirring The Parliamentary Pot...With Request To Remove Crucifix.
- CHILE: Navy's Touring Tall Ship...Has Sordid Past.
- RUSSIA / GERMANY : Nein! Germany Withdraws Quadriga Prize For Putin.
- MEXICO: 28 April UPDATE: More Death Discovered In Durango...As Body Count Grows Again By 8; Total 104...So Far.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- RUSSIA : Woman Boss Demands Sales Growth...Or Foto Strip Down.
- CHILE / NEW ZEALAND: Santiago Eyes Volcanos For Geothermal Energy.
