It may be wise to temper enthusiasm over the U.S. shale energy boom but not extinquish that enthusiasm, says Walter Russell Mead in his blog, Via Meadia, at The American Interest.
Mead writes about a Financial Times story involving respected oil trader Andy Hall, nicknamed "God" by competitors, who thinks shale energy will be a short-term phenomenom.
Mead: "Hallís concern over the high decline rates of shale wells is legitimate. But in his new book,†The Power Surge: Energy, Opportunity, and the Battle for Americaís Future, Michael Levi describes why this fear might be overblown ..."
Read the whole thing here.