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If critics are correct investment in shale gas may be about to be revealed as a giant Ponzi scheme.

Shale Gas Reality Begins to Dawn  SUNDAY, JUNE 24, 2012  The Automatic Earth

It has long been our position at The Automatic Earth that North America is collectively dreaming with regard to unconventional natural gas. While gas is undeniably there, the Energy Returned On Energy Invested (EROEI) is dramatically lower than for conventional supplies. The critical nature of EROEI has been widely ignored, but will ultimately determine what is and is not an energy source, and shale gas is going to fail the test.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jun 26th, 2012 at 08:10:53 AM EST
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