[Peakoil] Gas Bubble Leaking, About to Burst

[Jenny Goldie]

http://www.postcarbon.org/blog-post/1262435-gas-bubble-leaking-about-to-burst
Gas Bubble Leaking, About to Burst
Posted Oct 22, 2012 by Richard Heinberg 
For the past three or four years media sources in the U.S. trumpeted the "game-changing" new stream of natural gas coming from tight shale deposits produced with the technologies of horizontal drilling and hydrofracturing. So much gas surged from wells in Texas, Oklahoma, Louisiana, Arkansas, and Pennsylvania that the U.S. Department of Energy, presidential candidates, and the companies working in these plays all agreed: America can look forward to a hundred years of cheap, abundant gas! ...