YOUR FRACKING DREAMS ARE ALL FRACKED UP

Current headlines of a 100 year supply of natural gas that fracking technology gives us ,is simply another bubble built by the  companies doing the fracking.   CHECK THIS STORY OUT to gain some insight into the truth of the 100 year claim.   

Clearly spelled out in this piece is the  methodology used to get to that number.   Applying real world estimates reveal a 11 to 23 supply of gas. Yet we are betting the countries future on this myth.

You see coal plants shutting down , you see planned nuclear plants cancelled, you see solar and wind sites being shelved because the nation is going to depend on natural gas.  

Their are huge terminals being built to export gas .  If the facts presented in the story are anywhere near correct there are huge losses in store for the companies betting their wad on this technology.

Well productivity declines 76 to 94 % in 36 months and the company has to punch more wells to keep production up.

At the low gas prices paid today they are loosing money hand over fist and have started selling assets to make up for losses in revenue

A QUICK LOOK AT THIS GRAPH TELLS YOU THE STORY.

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