Yes, it is interesting. But I don't think it is reliable reporting, sadly. I looked at some of the emails and memos that the article is based upon. There are links in the article. Many are dated 2009 and one in particular was really misrepresented by the NYT.
http://www.nytimes.com/interactive/us/natural-gas-drilling-down-documents-4.... NYT summarizes the email by saying, "the word among independent oil and gas producers is that shale gas drilling is a Ponzi scheme and that it will be difficult for companies to make money in the Marcellus and Haynesville shale formations,
In fact, the email says, "The word I hear from every company THAT IS NOT IN HAYNESVILLE AND MARCELLUS is that they are not economic. "
Dee
-----Original Message----- From: Wonderlin, William wwonderlin@hsc.wvu.edu To: mvcac@cheat.org mvcac@cheat.org Sent: Wed, Jul 6, 2011 8:59 am Subject: [MVCAC] Article from NYT
This is a very interesting article from the New York Times about how the economic benefits of fracking are not living up to expectations:
http://www.nytimes.com/2011/06/26/us/26gas.html?_r=1&pagewanted=1
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