Friday Shorts -- June 26, 2015

EIA "energy cookie":

As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring hydrocarbons from shale and other tight resources, but they are still short of reaching commercial production. --- EIA

Okay.  We'll have to keep an eye on Argentina.

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Drachma Drama

Here it comes, LOL, Reuters is reporting:

The euro zone can help Greece repay maturing debt in the coming months with money that remains available to Athens under the current bailout if the program is extended by five months to November, a note prepared for euro zone finance ministers said.

The Greek negotiators must be laughing all the way to the bank. Angela's blood pressure continues to rise. The Germans are frustrated. The French are simply looking forward to August when all French citizens go on vacation.

It appears the negotiators don't want to spoil a perfectly good summer. They just want the Greek problem to "go away" until November.