RE: Natural gas: The fracking fallacy

Sun, 21 Dec 2014 13:36:19 -0800 

 

 

From: [email protected] 
[mailto:[email protected]] On Behalf Of [email protected]
Sent: Sunday, December 21, 2014 11:53 AM
To: [email protected]
Subject: Re: Natural gas: The fracking fallacy

 



On Sunday, December 21, 2014 6:40:21 PM UTC, John Clark wrote:

On Sat, Dec 20, 2014  'Chris de Morsella' via Everything List 
<[email protected] <javascript:> > wrote:

 

>> In depth article in Nature warning against the current unfounded euphoric 
>> optimism regarding the scale of the future supply of shale gas (&oil).

 

The fact that just 5 years ago NOBODY predicted the huge increase in oil and 
gas production that occurred doesn't exactly fill me with confidence that those 
same experts who got it so wrong 5 years ago have got it right this time.  

John – Definitely *NOT* the same experts who got their hyper optimistic 
assumption predictions  so terribly wrong. This is pure misdirection on your 
part; not worthy of any response other than to point out that it is an attempt 
to misdirect. Don’t talk about the facts of the findings; throw up some 
irrelevant string of verbiage implying that these are the same set of 
researchers who produced the inaccurate future reserve and production 
predictions that were used by the shale sector to get Trillions of dollars of 
easy (Fed quantitative easement fueled) credit (much of which the tax payer may 
be on the hook for when this bubble blows up in our face)

Just like I mentioned around six months or so ago – the smart money is already 
fleeing the shale sector in the US and in fact if you look at how interest 
rates for junk bonds for drillers etc. have recently shot up, the picture 
becomes clear. It is a classic bubble and it is about ready to blow – will it 
sink the global economy with it?

Chris

 

  John K Clark

 

I aim to be in the fracking business by the year after next. For the past few 
months and foreseeably another 18 months I've been using things like forex 
spreadbetting as an objective basis for prediction construction using my theory 
of something that can be 'run' and followed up with analysis and testing. 
Basically the obvious primary measure is profit. 86M USD up last looked. 

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