…right now there are regulators in the Chinese government that would like to increase competition, would like to see a more rapid growth in shale production but just are not that powerful relative to the ones that hold the power in the SOEs…
…we have entered into a fairly dangerous period of about five years, where we are congratulating ourselves on our great fortune of having all these additional tight resources that are simply not going to be there in ten years time…
…the Montreux Document will have an impact for those countries that have not thought about these issues very much and don’t have a lot on the books…
…they have figured out, it is not only good PR but also good business to actually work in concert with local communities and local authorities…
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