Originally Posted by
PhilJohnson
I wouldn't say it's entirely cheap natural gas making this feasible. The higher the price of oil is a big factor in the fracking and oil shale boom. With out high priced oil the overhead involved would not be worth the effort. Although in some ways I'd glad they are using natural gas, otherwise we'd be burning coal instead which would be much worse.
Doesn't the shale oil boom depend on reasonable natural gas prices? Some of the energy estimates per-barrel of oil are staggering.