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2good2betrue (< 20)

October 2011

Recs

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Random facts about Natural Gas

October 18, 2011 – Comments (7) | RELATED TICKERS: GSXN , EOG

I've talked to a number of people in the gas industry, and they all say that the so called "reserves" of natural gas trapped in shale is real and significant. However, the one thing people don't consider relative to such reserves is that typically shale deposits of natural gas often reside near drinking water aquifers. So, there is significant risk that when one goes after shale related natural gas that it could very well disrupt a source of drinking water (potentially contaminating it). So, while the cost of obtaining the gas would be cheap, the risk of a lawsuit is real to the point where it could very well wipe out any potential earnings for it.  [more]

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