The Rising Influence of Rising Affluence

[DewDiligence]

Apropos to the point OakesCS was making in #msg-75618300:

http://online.wsj.com/article/SB10001424052702303448404577407401173565504.html

WSJ: The Australian government says shale gas could double the country's gas resource, up from an estimated 390 trillion cubic feet now. Does the potential excite you?

Peter Coleman (CEO, Woodside Petroleum): …all shales are not the same. The shales that we see in Australia are slightly different to those in the U.S. Equally the U.S. has been successful around a business model that is really based around the surplus facilities and support. We don't have that same sort of infrastructure in Australia—either in the service sector or with our distributions and being able to get it to market. These are long-term plays and I don't expect we'll see the step change in production that we've seen in the U.S. any time soon in Australia.