"The US shale boom is overhyped." And China is watching?

Jeremy Leggett on China Dialogue: “A growing number of analysts familiar with the detailed state of the global oil and gas industry fear that the almost universally positive narrative about hydrocarbon supply from shale is deeply flawed, and that in fact a global oil crisis might be imminent.”
“In December, 2013, I was part of a video-linked gathering in Washington and London of people sympathetic to this view. Those joining us included retired military officers, security experts, senior executives from a wide spectrum of industry and politicians of all the main parties, including two former UK ministers.”