Russian Spinmeisters Talk Down American Shale, Makes Us Laugh

Russia hates the American shale revolution because it threatens their worldwide dominance in natural gas, and it threatens their ability to threaten others with it. Vlad Putin has long poo-pooed our shale reserves as nothing more than a flash in the pan. So we found it amusing to read the story (below) from the Voice of Russia Radio network that tries to spin Shell’s recent exit from some of its holdings into a story about oil and gas companies are “losing interest” in American shale. Yeah right! We had to pick ourselves up off the floor after laughing so hard.

Uh, VOR, have you ever heard of the wholly-owned Shell subsidiary called SWEPI? It stands for Shell Western Exploration and Production Inc. Oh, and East Resources? Yeah, Shell bought them. Shell now owns 850,000 acres in the Marcellus Shale play–#2 behind Chesapeake’s 1.8 million acres. So please, tell us again how Shell is abandoning American shale plays–we need another good laugh!…

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