Natural Gas Industry Fakes the Moon Landing

Three recent articles from the New York Times: “Behind Veneer, Doubt on Future of Natural Gas,” “S.E.C Shift Leads to Worries of Overestimation of Reserves,” and “Insiders Sound an Alarm Amid a Natural Gas Rush” have created considerable attention and commentary throughout the petroleum industry.  A central theme in all of the articles is that the natural gas industry, investors, and policy makers have failed to understand the risky nature of the underlying fundamentals now underway in the domestic natural gas industry.  Claims are also made that some in the industry have purposely misled the public on the potential of natural gas as a “game changer” in the U.S. fuel mix.

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