21 March 2012

POLAND: New Nat Gas Stats Way Down From Bloated USA Estimates.


      Not so long ago...the USA estimated Poland's potential shale gas reserves at a vast 5.2 trillion cubic meters.
     Those numbers had Warsaw licking its lips...over a future free from dirty coal and an unreliable Moscow.
     New official Polish estimates...come in between 346 and 768 billion...less than a 10th...of the previous hyped guesstimate.
     At the high end...nat gas potential is still enough for 65 years...with maybe 10 years of shale oil.
     Now...the real question is...will the dozens of energy internationals anxiously crowding into Poland to explore for nat gas and shale oil...stay even with mixed recent results...and much less upside?