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View Full Version : NYT Page One: Natural Gas Shale Plays Like Ponzi Scheme


MikeOKC
06-26-2011, 02:07 PM
Yes, while CHK is a major part of the story, this is about much more than CHK, so I am posting it here. This is a major New York Times investigation piece in the Sunday NYT....

Page One - Above The Fold New York Times 6-26-11

http://img844.imageshack.us/img844/8851/scanr.jpg

Major New York Times investigation:

Insiders Sound an Alarm Amid a Natural Gas Rush:
http://www.nytimes.com/2011/06/26/us/26gas.html?hp=&pagewanted=all

Accompanying New York Times Documents:
http://www.nytimes.com/interactive/us/natural-gas-drilling-down-documents-4-intro.html?ref=us

http://img849.imageshack.us/img849/5264/nyt.jpg

MSNBC Version:

'Enron moment': Insiders sound alarm amid a natural gas rush
'The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,' analyst writes

http://www.msnbc.msn.com/id/43539470/ns/business-us_business/
WilliamTell
06-26-2011, 07:32 PM
Day by day America becomes more of a house of cards....
jmarkross
06-26-2011, 09:15 PM
Day by day America becomes more of a house of cards....

Time for you to head off to Europe...enjoy...!
HewenttoJared
08-30-2011, 04:45 PM
Haven't heard much about this lately, but the commercial claims have now turned to "keeping profits at home" instead of "100 years of energy security".
Just the facts
08-30-2011, 11:19 PM
Why is this person using earthlink dial-up in 2011?
HewenttoJared
08-31-2011, 06:13 AM
The same reason I still deal with parents who have an sbcglobal.net email address. Whoever bought them let people keep their address.
SoonerDave
08-31-2011, 06:33 AM
Keep in mind that the NYT has lead the charge in hatchet jobs on shale for some time, so I'm not sure they could be considered a neutral POV.
Just the facts
08-31-2011, 07:12 AM
The same reason I still deal with parents who have an sbcglobal.net email address. Whoever bought them let people keep their address.

Earthlink is still in business. They provide cheap dial-up service to 1.9 million people.
Snowman
08-31-2011, 08:07 AM
Earthlink is still in business. They provide cheap dial-up service to 1.9 million people.

They charge the same rate for 56K that AT&T charges for 3.0 Mbps.
windowphobe
08-31-2011, 06:26 PM
I keep an old Earthlink email address ($49 a year) just to avoid having to change it at several dozen places; I haven't used their dialup in ages.