New York Times Is All Hot Air On Shale Gas
- Monday, June 27, 2011, 21:03
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Over the weekend The New York Times published this story on how the business of drilling natural gas out of shale is some sort of ponzi scheme, even Enron-like. The article suggested that there’s really not as much gas in these plays as the industry wants us to believe, that companies are making false claims about the productivity of wells, and that the costs of extracting the gas might be so high as to not be economic.
http://blogs.forbes.com/christopherhelman/2011/06/27/new-york-times-is-all-hot-air-on-shale-gas/
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