1. Natural Gas Rush Comes to a Halt as Predictions Fail to Come True
... analyst from IHS Drilling Data, an energy research company, wrote in an email, "The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work" (Urbina). Experts believe that there is a lot of gas to be extracted from shale formations, but they question whether companies can extract it for ... much faster than energy companies originally thought, reducing their profits in the long run (Urbina). The skeptical experts fear the repercussions if the drilling does not go as planned. Federal and state lawmakers are increasing subs...
- Word Count: 1851
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate