New York Times article refers to shale gas drilling as a "giant ponzi scheme".

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Adubu, yeah that's what I'm saying.....$4 a bubble?  Who really cares if it even if it is/was a bubble?  It is not like it's the bubble housing market that basically affects everyone.  The operators and their investors would be the ones to suffer and even then what is the fall out?  Some companies go out of business and investors lose money.  They are acting like everyone in America has natgas investments.  It is really absurd if one thinks about it.  Basically someone is concerned about a hypothetical "bubble" that will affect less than 1% of the populous....makes no sense.

There is ALWAYS  motive when an organization attacks an industry. Someone big doesn't want nat gas to succeed and is throwing stumbling blocks in its way.

What the NYT didn't say about Mr. Urbina:

http://washingtonexaminer.com/opinion/columnists/2011/06/what-times...

Thank you to all who posted the articles and interviews and the discussion here on them. The interview about the natgas bubble was interesting in that it seemed he just kept saying no one knows but we wrote the article anyway about all the stuff that might could happen sort of??? The letter from Mr. McClendon was very interesting and well done. I always learn so much looking around here and reading the information that is shared.

Thanks!

How much money have Wall Street analysts ever made you in the stock market?   A better question might be, "How much money have Wall Street analysts lost you in the stock market"?   Why would anyone pay much attention to what a Wall Street Oil and Gas analyst has to say, especially if they office in New York City?
SB---this guy Urbina is just a liberal journalist not a WS Analysis, you are giving him too much credit to call him a  analysis. LOL :)

Adubu, it was my understanding that he quoted Wall Street Analysts in his story.

SB-- Yes correct--- so he said--- he said he  was quoting email of analysis and some analysis reports  but he fail to name them or what Firm they worked for--- so I wonder about his so call sources.
good catch on the author, i didn't recognize his name, so i googled him.

What the Times didn't tell you about Ian Urbina

You're Ian Urbina, a senior New York Times reporter. In February and March, you write that hydraulic fracturing, a method of natural gas extraction, is contaminating Pennsylvania drinking water. Your accusations are disproved by government tests.

So you write a three-part series saying that shale gas production is "inherently unprofitable" and a giant Ponzi scheme, as well as loosely regulated by the Securities and Exchange Commission.

No matter that many emails you cite are two years old, that two of your supposedly objective sources are environmental activists, that profit-maximizing companies are investing billions of dollars in shale gas.

Last week, the Times ran Urbina's three-part series on the bullish outlook for natural gas production in the United States, questioning whether industry officials and analysts are too optimistic.

The New York Department of Environmental Conservation will soon issue a new report that will decide whether New York state will allow hydrofracturing. Is the Times' series meant to nudge New York toward a negative decision?

These headlines want to make you call your broker and sell. They read "Insiders Sound an Alarm Amid a Natural Gas Rush," "Behind Veneer, Doubt on Future of Natural Gas," and "SEC Shift Leads to Worries of Overestimation of Reserves."

Yet one source, Art Berman, described as "a Houston-based geologist" who said "the shale gas revolution is being oversold" is a board member of the Association for the Study of Peak Oil and Gas, which promotes "cooperative initiatives in an era of depleting petroleum resources."

On April 1, at Cornell University, Berman proposed getting rid of private cars and replacing them with public transportation.

Another source, Deborah Rogers, is described as "a member of the advisory committee of the Federal Reserve Bank of Dallas."

Left unsaid is that she is also a steering committee member of the Oil and Gas Accountability Project, which is working to ban hydraulic fracturing.

 

/snip

 

"Those who demonize it (shale gas) are demonizing our clean energy independence."


Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/columnists/2011/06/what-times...

(Story continues in link)

 

 Praying to the false idol of "green energy" and the "planned economy" only costs us jobs, to the tune of about 2 for every 1 "created" by the government.  Keep on keepin' on, Washington.  We'll get us a nice reset at some point, this Keynesian experiment won't last forever.  Look to Greece, friends... they may have successfully papered over the problem again for now but the systemic causes for the crisis are still lurking just under the surface.

http://www.scribd.com/doc/58884757/NYT-Shale-Gas-Bubble-Emails-v2

 

THIS IS WHERE YOU CAN DOWNLOAD THE 487 PAGES OF EMAILS AND INFORMATION THAT WAS SAID TO BE THE BASIS OF THE ARTICLES

RBH,

Who cares? You?

Ms. sesport ll,

I refuse to debate this with you. I would rather remain friends.

I hope you are doing well.

just supplying information..not taking a position

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