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Shale Gas: China's Untapped Resource

2013-06-13 09:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Forbes: When I met recently with a senior investment officer from China Investment Corporation (CIC), the countrys sovereign wealth fund, I was told that CIC is very bullish on the United States. Why? In CICs opinion, the existence of large shale gas reserves in the U.S. will provide a massive shot in the arm for the countrys large but mature economy -- kind of a modern-day energy equivalent to the deus ex machina in Greek literature. If that is the case, then an equally bullish case can be made for...

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