Over the weekend of June 25 - 26, 2011, the New York Times/MSNBC published a story suggesting that the economics of natural gas do not make sense, going so far as to call it an "Enron-like" scam.
My contention at the time was that the article was an outlier: it went
against the grain of everything else I had been reading and everything
else that I had been seeing with regard to natural gas. I don't argue
that natural gas is extremely cheap and I have wondered how the
companies have been able to make money on natural gas. However, the
contention in the article that the companies are over-estimating their
reserves is what caught my attention and that's where my problem with
the article lies. I am not a financial analyst and so I pretty much stay
away from that end of the argument.
It will be interesting to see how the New York Times/MSNBC
article plays out. I will use the date (June 25-26, 2011) and the
article as a marker, and start documenting data and stories that reflect
both sides of the argument. I assume that, based on my biases and
sources, most of my data and stories will favor the industry and not the
referenced article.
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NG At The Blog
NG was initially tracked here and then moved to this location.
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The Book Page
For those who find Elon Musk fascinating -- with regard to his relationship with the press and his involvement with US politics, I highly recommend The Chief by David Nasaw.
Chapter 7, "How Do You Like The Journal's War" is particularly fascinating. I will post my notes on this book later, but I'm curious if there's a website that connects William Randolph Hearst, Teddy Roosevelt, the Spanish-American War, the liberation of Cuba, the Rough Riders, the USS Maine. Let's see.
Holy mackerel! Look what AI came up with:
On the other hand, the "first hit," completely fails to report "whose story" this was. Absolutely amazing, and why The Chief is a must-read book.
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