Like what you've written there and would agree except for the 2nd paragraph.
Couple of observations.
1. The associated gas produced from those shale plays is a big part of the problem. Only until the regulators prevented flaring did it even start to address the problem (costs money to put in gas gathering lines and then hopefully a connection to a gas transport pipeline that has capacity to take it away and then what sort of gas ... sometimes wet gas is a real problem in that the pipeline operators "reject" ethane for instance ... net negative)
2. The true shale gas plays such as Marcellus and Haynesville are VAST. I've held CHK for many many years. There is approx 100 years of supply that could be developed for gas. Even with LNG exports from USA I don't see us needing natural gas in 100 years time.
3. If you want to study up on LNG out of USA look at Cheniere Energy history ... that will give you some idea as to how this works sort of.
Oil with associated gas is OK. A "pure" gas play ... not OK. Cannot compete with the Marcellus on economics.
OEL Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
(20min delay)