THEY TELL US WE’RE ON THE CUSP OF AN OIL & GAS REVOLUTION.

But what if it’s all just a short-term bubble?  http://shalebubble.org/

The Reality is that the so-called shale revolution is nothing more than a bubble, driven by record levels of drilling, speculative lease & flip practices on the part of shale energy companies, fee-driven promotion by the same investment banks that fomented the housing bubble, and by unsustainably low natural gas prices. Geological and economic constraints – not to mention the very serious environmental and health impacts of drilling – mean that shale gas and shale oil (tight oil) are far from the solution to our energy woes.

 High productivity shale plays are not ubiquitous and wells suffer from very high rates of depletion.

 Because depletion rates are so high and drilling locations increasingly unproductive, industry is forced to drill ever more wells just to offset declines.

 Wall Street promoted the shale gas drilling frenzy in order to profit from mergers & acquisitions, resulting in prices lower than the cost of production.

DO READ ON, NEIGHBORS.