us shale gas boom about to go bust, page-7

Mihal,

You will find this interesting. This report may confirm Mark Anthony's research and findings on natural gas depletion rates?

Reliance Cuts Gas Reserve Estimate

"Reliance, the country's largest private refiner by capacity, lowered its estimate of proven total natural gas reserves by 12.42 billion cubic meters to 103.958 billion cubic meters due to lower-than-projected output from D6."

"Reliance said shale-gas production would be challenging this financial year, in part because of historically low gas prices."

Less production leads to less supply and up the price goes. Simple demand and supply event happening in front of our eyes but nobody is listening to us.

End of the year nat gas back to $4.00! Coal will then be back in play.