Shell Is First Major to Take a Charge on Sour U.S. Shale Oil

Is it just Royal Dutch Shell (RDS.A)? Or has the U.S. shale oil boom started to run into problems as promises outrun performance?

As expected the company's problems with its investments in natural gas from North American shale generated a gusher of red ink when the company reported results for the June quarter yesterday. Hit by low prices for natural gas in the United States, and higher costs for production and exploration, the company reported a drop in profits to $4.6 billion from $5.7 billion a year earlier....564 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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