Jim Rogers, the legendary commodity investor speculates that he may have a knowledge gap when it comes to shale gas but points out the fact that “ the number of drilling rigs for shale gas (in US) has gone down 75 percent in the last 18 months or so.”
The wells are generally short-lived, he said: “they’re great for the first 30 days. But by year three or four, they’re very expensive to maintain.”……………………………………….Full Article: Source