Shale Oil's Promising Future

(TheStreet) -- Two important pieces appeared over the holiday weekend to increase the enormous interest being generated in shale oil -- one a research report from Morgan Stanley MS and an in-depth piece by the New York Times. Both pieces point investors in one common direction - towards onshore drilling and lots of it being initiated in the next two years, and the stocks of oil services companies. Shale has been very big in the energy news for the past several years, but mostly surrounding shale gas. New techniques to the very old technology of hydraulic fracturing have unlocked incredible reserves of natural gas thought unreachable even five years ago. The increase in retrievable gas from shale formations in the Haynesville, Barnett, Marcellus and other areas have been the major reason why natural gas prices have hovered at close to $4 an mMbtu for the last few years. Continue reading the article.