Friday, June 25, 2010

No Hot Air

No Hot Air: "Chevron gets shale
Last week in the FT Chevron were sounding doubtful about shale in being the last holdout oil major not investing in shale.
Meanwhile, beyond the fast-growing world of shale-gas dealmaking, an interesting one to watch is Chevron, one of the few energy giants to voice strong caution. In fact, the energy giant’s CEO John Watson recently remarked that the “price tag is too high” for shale-gas projects to warrant the investment."