- Tells CNBC China has large shale gas reserves.
- Shale gas challenged by water shortage.
- China not yet using horizontal drilling.
- Exco Resources seeking China joint venture.
- Says China bigger worry is ‘Island’ tension with Japan.
- Ross says China population ‘worked up’ on Japan ‘Island ‘ concern.
So many islands, so much tension going on. Market remains deadly dull at the moment.
