[grandpa jones]

yeah, I saw a report on that, uhh, here, for pete's sake. :) IIRC, prices need to be stable at $60-70 to make the shale projects feasable. And, we all remember the late 70's and early 80's when all of the shale projects went belly up after the bbl price went to $18. Shale won't be a near term solution. I look for a quarter to 50 cent spike in the next couple of weeks.

[saganite]

This oil isn't shale oil although it's in a shale deposit. Confusing I know but the oil I'm talking about flows when drilled. It doesn't need to be baked to seperate it. I posted an article on it recently (linked below). The oil companies are waiting for the official govt survey to confirm it before they invest heavily in the formation. Also htere's limited pipeline capacity in the area.

http://www.freerepublic.com/focus/f-news/1672249/posts