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"Utica outperform the Eagle Ford"

Chesapeake CEO Out

Chesapeake CEO Hedgefund

Chesapeake Is A Long Story

Chesapeake Leaves the Bakken

Chesapeake - Oh How Things Change

He Is Back - AEP

Going For Broke

Still Selling

The Magic Of Shale - PUD

After The Gold Rush - Shale Gas

Hyped Shale Gas

Revolt Of The Drill Leasers

North Dakota Ethanol Bubble

Pig Manure Bubble

The NY Times Insider Alarms

The NY Times On Shale - Click The
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If I learn the truth I'm sure that the end will leave me crying, leave me crying
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The Fracked Up Bubble
There’s only one thing wrong with all the predictions of a revitalized United States energy superpower flooding the world with its shale oil and shale gas.
 It’s based on a bubble, on hype from the usual Wall Street spin doctors. In reality it is becoming increasingly clear that the shale revolution is a short-term flash in the energy
 pan, a new Ponzi fraud, carefully built with the aid of the same Wall Street banks and their “market analyst” friends, many of whom brought us the 2000 “dot.com” bubble and,
 more spectacularly, the 2002-2007 US real estate securitization bubble. A more careful look at the actual performance of the shale revolution and its true costs is instructive.

The End Of The Shale Bubble!
Leases on undrilled shale fields were bundled and flipped on the basis of grotesquely inflated claims of their income potential;
newly minted investment vehicles of more than Byzantine complexity—VPPs, "volumetric production payments," are an example


John Hofmeister, the former chief of U.S. operations for Shell, sounding an alarm?
"Unless something seriously changes in the next five years," he said in an interview, "we'll be standing in gas lines because there won't be enough oil to go around."
Mr. Hofmeister said he believes forecasts also understate the "decline" rate of shale fields.
The hydrocarbons tend to flow robustly in the first months of drilling, then decline before plateauing at lower levels.
To sustain growth, companies will need to drill many wells at a rate "beyond the capacity of the industry as currently defined," he says.
"Those who ballyhoo oil shale and say that this will take care of us—no, it won't."



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