« Shale plays are just giant Ponzi schemes »

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.

http://www.nytimes.com/2011/06/26/us/26gas.html?_r=1&src=tptw

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