Obama promotes shale… in China

It wasn’t high on the list but President Barack Obama and Chinese President Hu Jintao included natural gas shale resources as an item on the clean energy cooperation agreement between the countries, notes Oil & Gas Journal:

“Under the initiative, the US and China will use experience gained in the United States to assess China’s shale gas potential, promote environmentally-sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the US-China Oil and Gas Industry Forum, study tours, and workshops,” the White House said in a statement posted at its Web site.

Word is George Mitchell already has several rigs working in China… just kidding.
Here’s a link to an outline of the agreement.

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