Wednesday, June 6, 2012

Chevron - International Shale Gas Production Will Be Slow

The speed at what people speculate shale gas will be coming to market is faster than what reality will actually show," Chevron Vice Chairman George Kirkland said in an interview with Dow Jones Newswires and The Wall Street Journal.
"There is a huge difference between the U.S. and the rest of the world. There have been millions of wells drilled in the U.S. and you know a lot more about the actual geology, and the U.S. has the infrastructure to deliver gas. I don't know of any other place in the world that has such a well-developed gas infrastructure," he said.
"If you find it in the U.S., you can develop it and move it. Elsewhere it is a different situation," he said.

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