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Well, the US shale "boom" happened at a time of massive fall in demand, so the impact on prices was probably more than it would have been in normal times.

Don't forget that this boom, under the most optimistic assumptions, would only be big enough to replace Canadian exports to the US, ie 15-20% of domestic consumption.

And we'll have to see if production can continue to grow with current prices...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sun May 29th, 2011 at 12:50:15 PM EST
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