NEW YORK, NY — “It remains to be seen if the entire shale gas industry is a Ponzi scheme. More likely is the possibility that it is overhyped by Wall Street and Natural Gas firms, who bought up large plots of land and issued optimistic projections to suck other companies and investors into buying that same land from them at higher prices.
It is looking highly likely that once again the public will get the short end of the stick in a few years as the supply of gas from these shale formations runs out much faster than estimates, leaving the public with a large glut of natural gas fueled cars and trucks and natural gas fueling stations, all of which were built on the promise of 100+ years of supply at cheap prices and the dream of energy independence. As this surplus demand infrastructure is built out and as supplies run out quicker than expected, prices will naturally rise dramatically.”
— Jonathan Verenger, Seeking Alpha