Third, we risk being surprised by the boom in shale gas - TopicsExpress

Third, we risk being surprised by the boom in shale gas production. That, too, may prove to be a bubble, maybe even a Ponzi scheme. Production from individual shale wells declines rapidly, and large amounts of capital have to be borrowed to drill replacements. This will surprise many people who make judgement calls based on the received wisdom that limits to shale drilling are few. But I am not alone in these concerns. newscientist/article/mg22029415.700-an-oil-crash-is-on-its-way-and-we-should-be-ready.html

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