The Rising Influence of Rising Affluence

[DewDiligence]

Thanks, Charlie. In the context of the CLB CC, I thought it was clear that the quoted text in #msg-71822221 referred to oil shales. For instance, there’s this passage from Dave Demshur (CEO) in response to a question by the analyst at RBC:

…we’ve had this de-emphasis of natural gas shales taking place over, I’d say the last year and a half… we generated very little revenue…out of the Haynesville Shale during the fourth quarter of 2011.

It was noted several times during the CC that gas shales are something to be avoided until the economics improve. Regards, Dew