“Shale Boom in Europe Fades as Polish Wells Come Up Empty”

We keep hearing different and conflicting reports about Poland’s potential shale boom. Here’s the latest from Bloomberg, which reports, at least for now, it’s a bust.

Europe’s best hope for a shale-gas boom is fading as explorers in Poland confront rising taxes, a lack of rigs and rocks that are harder to drill than expected. While shale could help Poland lessen dependence on Russian supplies and cut its gas bill, a government proposal for a levy on production threatens to curtail investment.

Read more at: www.bloomberg.com

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