I suspect because the Combustion Engine is Getting Better and better, dont need tax credits handouts, pay more for miles per gallon. Maybe the real test is a battery engine. But i dont see natural gas vehicle being a competitive threat in the future to gasoline. Here. Thank you. David kroicher from heritage foundation. Wanlt to thank you, this is an interesting panel. I was wondering if you could go back to the cameron government one of the main plans was to go after shale gas, and whether they can do it whether we will be able to our Service Companies will be able to get business there, is it the right kind of rock, whatever it is thats interesting. Thats a big issue. I dont know whether it is the right kind of rock. I can tell you that there has been significant antifrack back lash. But youre right, the cameron government has been enthusiastic, has been pushing this and just got another five years. So i would certainly keep an eye on that. Theyre going to run into i think the same pr
Numbers, it is no secret they have large environmental and pollution problems and would like to do some production with gas. We dont have it resolved. The shale that seems to move quickest, in argentina thats just happens to be lucky it is in a fairly remote area where there has been a history of mining and theres sufficient water there so once again you happen to have found a place with the right conditions beneficial conditions for going forward. Those are few and far between. Im going to come back to this issue that what really made shale takes off in the United States is the fact you had companies and land men going out handing out large checks 10 20,000 an acre to lease the land, then oh, by the way, get an eighth of the royalties on oil and gas that comes afterwards. Companies had to do that because the individuals owned mineral rights. There are just i dont believe there are any other countries, if there are, it is escaping me that have private ownership of mineral rights. So wh