“Money is pouring in” from investors even though shale gas is - TopicsExpress

“Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company, wrote to a contractor in a February e-mail. “Reminds you of dot-coms.” “The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,” an analyst from IHS Drilling Data, an energy research company, wrote in an e-mail on Aug. 28, 2009. - read more: globalresearch.ca/shale-fracking-is-a-ponzi-scheme-this-decades-version-of-the-dotcom-bubble/5402951

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