Claim: Cheap shale gas bubble ‘will burst within 2-4 years’

EurActiv reports:

But according to David Hughes, a geoscientist and former team leader on unconventional gas for the Canadian Potential Gas Committee, the US boom on which many base their expectations is founded on shifting sands.

“The cheap price bubble [in the US] will burst within two-to-four years,” Hughes said. “At a high enough price, the supply bubble will burst perhaps 10-to-15 years later, when drilling locations become sparse.”

Read more at EurActiv.

4 thoughts on “Claim: Cheap shale gas bubble ‘will burst within 2-4 years’”

  1. Energy historically has been a boom-bust operation and energy costs — natural gas, coal, petroleum and others — have been volatile to say the least. EurActive is a source that has an axe to grind but energy prices are speculative and we should keep that in mind.

  2. Gas reserves now estimated at 100 to 200 years – coal reserves over 400 years . . no peak oil or coal shortage . . Nuclear materials exceed 1000 years. Nope no shortage of energy – just over regulation to make it more expensive.

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