Coming February 6, 2024 . . .
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop
Coming February 6, 2024 . . . MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States.
But the gas may not be as easy and cheap to extract from shale formations deep underground as the companies are saying, according to hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells.
In the e-mails, energy executives, industry lawyers, state geologists and market analysts voice skepticism about lofty forecasts and question whether companies are intentionally, and even illegally, overstating the productivity of their wells and the size of their reserves. Many of these e-mails also suggest a view that is in stark contrast to more bullish public comments made by the industry, in much the same way that insiders have raised doubts about previous financial bubbles.
“Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company, wrote to a contractor in a February e-mail. “Reminds you of dot-coms.”
Comments
Thrilled to see this.
Fracking is a gigantic, rolling, disaster, and tens of thousands of people know it, but there are so many forces which need it to work that it's been almost impossible to stop. In wind and efficiency and related fields, the opponents just say, "Natural gas is at $4, and will be for decades to come. Piss off." And it's doubly hard, because our politicians WANT a domestic energy source that will cure all our ills. t
The whole NYT recent series, on the water-related hassles, the GHG-related hassles, and now the economic and technical ones, gives a lot of people working in renewables and such a bit more credibility as they try and stop YET ANOTHER goddamn dash for old-time salvation. (Arctic Oil & Gas, Gulf Oil & Gas, Oilsands Oil, Nuclear, New Nuclear, Clean Coal, Ethanol and now, Fracking.)
3 huzzahs for the NY Times.
by quinn esq on Sun, 06/26/2011 - 6:24pm
I've been running across a lot of stories about alliances between NGas and Wind:
Unlikely allies? Wind and natural gas team up
Their op-ed is on Politico:
by Donal on Sun, 06/26/2011 - 7:46pm
This 25 Jun 2011 Wall St Journal oped defends fracking: The Facts About Fracking and makes the same tired argument we see from coal, oil, and even wind and solar lobbyists - that energy is too important to actually scrutinize and regulate what energy providers are doing:
but conservative commenter Tim R objects:
by Donal on Mon, 06/27/2011 - 8:04am