Monday, June 27, 2011

Gas industry hype

In its Sunday edition, the New York Times carried a story, based on a review of thousands of internal gas industry documents, which reports that some industry insiders think of the Marcellus boom as a "Ponzi scheme," similar to the Enron bubble. The report notes that many gas wells aren't producing, nor are they as profitable, as expected.

Her's a link to some of the industry documents:

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