Everyone knows...Everyone also knows...
Well...not everyone knows where China is on the globe.
............
China may well be a big shale gas producer in 5-10 years.
We’ll see. The USA has the infrastructure in place to do the fracking. Maybe saudi arabia does too. but few other countries already have the infrastructure in place to do the fracking. That’s expensive.
I know it is wikipedia but it includes links to real sources at the bottom of the page.
http://en.wikipedia.org/wiki/Hydraulic_fracturing_by_country
So, if everyone starts fracking....will oil go dirt cheap again?