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Why Jim Rogers is not rushing out to buy Natural Gas

Posted on 10 December 2012

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

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VRS - who has written 37037 posts on Opalesque Commodities Briefing.


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