US Natural gas, oil shale overhyped – Jim Rogers blog 06-26-13

Salient to Investors:

Jim Rogers says:

  • Natural gas fundamentals are not nearly as good as the hype. The number of rigs on the ground is down 75% over the last two years as the wells are very short-lived, and it takes an enormous amount of money to keep them up.
  • Oil shale wells typically deplete 38 percent over the first year and you need a lot of drilling, money, and a high price to keep up production rates.
  • Supply is so great that oil will collapse.

Read the full article at  http://www.jimrogers.info/search?updated-max=2013-07-02T04:30:00-05:00&max-results=5

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