FRACKING IS A PONZI SCHEME!

The truth is starting to come to light.. and the sooner the investors who have poured untold billions into the Marcellus Shale play know this, the quicker that house of cards will come tumbling down.

Unconventional gas drilling IS a Ponzi scheme. Production from a well falls off so quickly that the next well has to be ready to go as soon as the first one is drilled.. then the next well.. then the next well.. leaving environmental chaos in its wake, and the industry KNOWS this! There are hundreds of industry e-mails and internal documents and an analysis of data from thousands of wells. There is NO BASIS for their claim that these wells last 20 or 30 years! Maybe they will struggle for two or three years.. without expensive nitrolifting and re-drilling, a well stops producing in as little as 10 months.. hence the need to constantly drill new ones.

Leaked Documents: Industry Privately Skeptical of Shale Gas

Here is a graph of shale gas production over time for a gas well in the Barnett Shale play:

The picture is similar for every well. Here's another:

The temporary upward "blips" were achieved by bringing in nitro lift units and installing huge compressors.. this is a very expensive process that enables the well to "squeeze" a little harder. Still, nowhere near the initial surge.

an analyst from PNC Wealth Management, an investment company, wrote to a contractor in a February e-mail:

“Money is pouring in” from investors even though shale gas is “inherently unprofitable,” “Reminds you of dot-coms.”

Good! The sooner the investors have their eyes opened then the quicker the "bust"!