RE: Oil Shale
Desperate times...soon to come...will require desperate measures.
Just look at the current situation in Greece. That is just the very tip of the iceberg as far as the massive collapse headed our way this year.
While I agree that for the moment, just for the moment, momentum continues in the conventional play area.
But, any player willing to go the unconventional route will be rewarding as future prices will soar as the US Dollar collapses.
Canadian Dollar will rise and will attract foreign investment like never seen before.
BP...........aren't they one of those conventional plays? A disaster that could have been averted from the beginning by use a $500,000 remote emergency shutoff. I believe that is the rough cost of such a device.
The percentage of unconventional plays will go up and the conventional will go down. Very simple.