Shale Gas Hitting Global Thermal Coal Market

[yeokiwi]

Very true. [Just wanted to poke you a little ]
And there are certain analyst reports that I have seen that showed that EIA and USGS do have a bad record of forecasting. A case of too many known unknowns or unknown unknowns?

Certainly, I am not surprised by that since data collection and experimental setup maybe flawed or incorrect which lead to wrong forecasting.
But, generally, EIA had no vested interest to be incorrect or trying to wow the crowd.
That cannot be said of Mr Powers.

The current truth presented in US is the ease of withdrawing the shale gas and oil from earth crust in comparison with offshore oil exploration.
And.. the area for exploration is HUGE.

http://www.eia.gov/oil_gas/rpd/conventional_gas.jpg

http://www.eia.gov/oil_gas/rpd/northamer_gas.jpg