I assure you that this is not true, unless I misunderstand you.

edit:

The Finding and Development cost of a typical worthwhile shale play is $1.50/Mcf (many are even better), the current natural gas price is $3.50/Mcf. Of course there are crappy fields with higher F&D cost, and these won't be drilled until prices are high enough to justify it. In effect there is a continuum of price/barrel out there in the world and this is not what controls present day prices.