Some Agreement from the WSJ

The Wall Street Journal Weighs In
The Facts About Fracking

In the Barnett Shale, Technology and Innovation answer Peak Oil Pessimism

A friend queried me about the current discussion that implies that shale gas might not be all it is cracked up to be.  The question is really about “Decline Curves” in gas production and the future of shale gas economics and hence, production.

Here is a link to Arthur Berman's 2009 article, “Lessons from the Barnett Shale imply caution in other shale plays” advising caution in believing the decline curves propounded by investment advisors.    http://www.worldoil.com/August-2009-Whats-new-in-exploration.html

Skepticism is always good practice when dealing with someone who makes money from obtaining yours, so I have no problem with the advice. Investment advisors are salesmen and they will always exaggerate, consciously or unconsciously. It is human nature, one tends to see rosier futures when the future includes themselves.