HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Good Reads (Forum) » The Natural Gas Bubble
Introducing Discussionist: A new forum by the creators of DU

Sat Jan 5, 2013, 08:33 AM

The Natural Gas Bubble


from truthdig:


The Natural Gas Bubble

Posted on Jan 4, 2013
By Thomas Hedges


The natural gas industry is waging an aggressive public relations campaign to bolster investor confidence, despite evidence showing that shale gas is an unreliable resource and that the production process releases large amounts of methane into the atmosphere. Although hydraulic fracturing (or fracking) is in the media’s hot seat, the prospect of a drilling bubble coupled with the underreported problem of methane leakage may be the most destructive qualities of natural gas in the United States.

From commissioning false field reports to flooding television with commercials, natural gas companies are convincing Americans that gas will save the U.S. market; it will not.

The public relations push is an effort to revive a campaign that started in 2006 and was subsequently killed when the economic crisis hit two years later. Natural gas companies tripled the number of existing wells in those two years, hoping that a glut would attract a large consumer base before raising the prices back up again. Financial companies pumped billions of dollars into the industry, only to see it crumble.

As time passes, data on natural gas production, which goes back only a few years, indicate that shale gas is an unreliable energy source. Reserves are declining up to 70 percent per year. Where corporate reports show that decline leveling off through the use of theoretical models, figures point to an unrelenting decline that predicts the reserves will dry up in a few years. ...................(more)

The complete piece is at: http://www.truthdig.com/report/item/the_natural_gas_bubble_20130104/



5 replies, 1076 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply The Natural Gas Bubble (Original post)
marmar Jan 2013 OP
bemildred Jan 2013 #1
Champion Jack Jan 2013 #2
ROBROX Jan 2013 #3
limpyhobbler Jan 2013 #4
Frack Glop Feb 2013 #5

Response to marmar (Original post)

Sat Jan 5, 2013, 09:19 AM

1. We love bubbles, it's like free money. nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Sat Jan 5, 2013, 09:51 AM

2. Amazing, poisoning the rural areas for a greed bubble...



"These firms are financing energy companies to buy up cheap land, quickly drill wells, label the fields as profitable, and then bundle up those leases and sell them for up to $30,000 per acre to clueless investors. The average acre, according to the founder of Energy Policy Forum and former investment banker Deborah Rogers, is sold to developers for no more than $1,200, and sometimes as low as $100."

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Sat Jan 5, 2013, 05:03 PM

3. DRILL BABY DRILL WAS A BAD IDEA YEARS AGO.

 

Now science has shown that this new wonder is just another WET DREAM. The money and expense looks good on the business work sheet, but nothing is FREE. I realize why this was not discovered earlier because it takes time to COLLECT information.

at least for a short time it looked GOOD. i wonder about the current oil boom??? Will this become a short term bust and the resulting pollution be a long term issue!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Sat Jan 5, 2013, 05:27 PM

4. I thought this was going to be about bubbles







Reply to this post

Back to top Alert abuse Link here Permalink


Response to marmar (Original post)

Fri Feb 15, 2013, 08:47 AM

5. HBW Resources, The Frack Pack

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread