{"id":332,"date":"2011-12-01T00:48:00","date_gmt":"2011-12-01T04:48:00","guid":{"rendered":"http:\/\/blog.cmhughesmd.com\/?p=332"},"modified":"2011-12-01T00:48:00","modified_gmt":"2011-12-01T04:48:00","slug":"insiders-sound-an-alarm-amid-a-natural-gas-rush-nytimes-com","status":"publish","type":"post","link":"http:\/\/blog.cmhughesmd.com\/?p=332","title":{"rendered":"Insiders Sound an Alarm Amid a Natural Gas Rush &#8211; NYTimes.com"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2011\/06\/26\/us\/26gas.html?_r=1&amp;scp=5&amp;sq=ian%20urbina&amp;st=cse\">Insiders Sound an Alarm Amid a Natural Gas Rush &#8211; NYTimes.com<\/a>:  \u201cMoney is pouring in\u201d from investors even though shale gas is  \u201cinherently unprofitable,\u201d an analyst from PNC Wealth Management, an  investment company,  wrote to a contractor in a February e-mail.  \u201cReminds you of dot-coms.\u201d<\/p>\n<p>\u201cThe word in the world of independents  is that the shale plays are just giant Ponzi schemes and the economics  just do not work,\u201d an analyst from IHS Drilling Data, an energy research  company,  wrote in an e-mail on Aug. 28, 2009.<\/p>\n<p>Company data for  more than 10,000 wells in three major shale gas formations raise further  questions about the industry\u2019s prospects. There is undoubtedly a vast  amount of gas in the formations. The question remains how affordably it  can be extracted.<\/p>\n<p>The data show that while there are some very  active wells, they are often surrounded by vast zones of less-productive  wells that in some cases cost more to drill and operate than the gas  they produce is worth. Also, the amount of gas produced by many of the  successful wells is falling much faster than initially predicted by  energy companies, making it more difficult for them to turn a profit  over the long run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insiders Sound an Alarm Amid a Natural Gas Rush &#8211; NYTimes.com: \u201cMoney is pouring in\u201d from investors even though shale gas is \u201cinherently unprofitable,\u201d an analyst from PNC Wealth Management, &hellip; <a href=\"http:\/\/blog.cmhughesmd.com\/?p=332\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Insiders Sound an Alarm Amid a Natural Gas Rush &#8211; NYTimes.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-332","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=332"}],"version-history":[{"count":0,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=\/wp\/v2\/posts\/332\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=332"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.cmhughesmd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}