"For several years now, a brave few financial analysts and reporters have questioned whether there may be something rotten in how many drilling companies report their earnings, how their executives compensate themselves, how they calculate the amount of gas or other fossil fuels they can pull from the ground. At root, these skeptics have said that there seemed to be a deliberate attempt by some of these companies to mislead investors, lawmakers and the public about the economics of drilling and the financial prospects of their companies ... Hess Corporation, which is looking to transform itself from a company known for its roadside gas stations into an oil and gas exploration and production company, stunned some investors when it announced the selling price for some of its acreage in one of the hottest shale plays currently, the Eagle Ford. The price was less than a third of what investors expected, sending a signal that the shale may not be as productive as it was hyped up to be ... Look, for example, at how much shale companies have had to lower the estimates they previously offered for the amount of available gas they can economically pull from the ground. In 2012, company after company was forced to lower these estimates as the price of natural gas plummeted, acknowledging that the gas could not be profitably drilled in current market conditions."

Zum Artikel von Sharon Kelly, erschienen auf DeSmogBlog (28. März 2013) »