media watch, page-32

The Guardian has some sobering articles on Shale Gas

http://www.guardian.co.uk/environment/shale-gas

especially this one:
http://www.guardian.co.uk/environment/earth-insight/2013/jun/21/shale-gas-peak-oil-economic-crisis

Shale gas prospects outside the US are incomparable to gains made so far there "since geological, geographical, and industrial conditions are much less favourable."

Oil companies had exaggerated "the appearance of shale gas well profitability" by highlighting performance only from the best wells, and using overly optimistic models for productivity projections over decades.

"The very high decline rates of shale gas wells require continuous inputs of capital - estimated at $42 billion per year to drill more than 7,000 wells - in order to maintain production. In comparison, the value of shale gas produced in 2012 was just $32.5 billion."