This is complete and utter crap. The notion that we'll be completely self sufficient is nothing but a pipe dream. Particularly the part about it happening by 2017 - a mere 4 years away. Do these idiots think all auto manufacturers can retool all cars to run on shale gas? That's a completely different set of complex hydrocarbons than what makes gasoline. More over, as the Oil Drum points out, the energy return on energy invested in shale gas is very poor. Furthermore, the amount of waste water generated and fresh water needed is staggering and we'll have a massive ground-water pollution problem to deal with.
Getting the shale gas is only profitable when the price is high. If shale gas drilling goes wild and everybody does it, like the good capitalists Americans are, then the price goes down and it ain't worth spit any more. Also, if production of shale gas goes high, then middle eastern oil prices drop, making that an attractive option, thereby causing the price of shale oil to drop.
The idiots dreaming this garbage up are stuck in microeconomics. The world doesn't work like that, and the self-sufficiency argument is thrown out the
window when exposed to the light of day of macroeconomics and globalization.