Petroleum Truth Report: Shale Plays Not Working For Big Oil

Petroleum Truth Report: Shale Plays Not Working For Big Oil: "I believe that we are seeing the slow liquidation of these organizations but they cannot let the investment public know that this is what is occurring, hence the cornucopian rhetoric about the shale revolution and North American beoming the next Saudi Arabia--pure poppycock, of course.  Will the recent write-downs and announcements affect investors?  Probably not for now."