Another Statement of the Obvious?

In August (yes, I am still catching up on my reading!) Chatham House released a report entitled The 'Shale Gas Revolution': Developments and Changes. Inter alia it notes

• the European shale gas situation is different to the US one - politics, planning laws, geology all making European development more tricky
• shale gas development in the US has ut downward pressure on gas prices (indeed, some production is only profitable because of the associated C3, C4, C5 liquids)
• shale gas may substitute for renewables rather than for coal
• shale gas can only be a transition fuel, not a greenhouse gas solution.

So what's new?

In an interview the author also makes the general statement that "the only way forward is to implement carbon pricing" but to achieve something meaningful require the involvement of the US, China and the EU. The likelihood of achieving this is thin!

OK, as I said, so what's new?