High fuel prices: shale is the answer

[Cyclefrance]

Let's hope they're right. It was a major and sustained price hike back in the 70's that made North Sea exploration viable. Before this, the relatively expensive technology for achieving deep-water drilling in adverse condition was prohibitive. Oil shale has long been an area where cost-effective and successful extraction was the obstacle. Maybe this crisis is strong enough to justify the spend that will see the problem solved on a longterm basis.