Drumbeat: October 22, 2012

theoildrum.com 22 Oct '12, 1pm

Drumbeat: October 22, 2012

Posted by Leanan on October 22, 2012 - 10:12am After the Boom in Natural Gas “The country has stumbled into a windfall on the backs of these entrepreneurs,” said Edward Hirs, a finance professor at the University of Houston who contributed to a report that estimated that the nation’s economy benefited by more than $100 billion last year alone from the lower gas prices. But while the gas rush has benefited most Americans, it’s been a money loser so far for many of the gas exploration companies and their tens of thousands of investors. The drillers punched so many holes and extracted so much gas through hydraulic fracturing that they have driven the price of natural gas to near-record lows. And because of the intricate financial deals and leasing arrangements that many of them struck during the boom, they were unable to pull their foot off the accelerator fast enough to avoi...

Full article: http://www.theoildrum.com/node/9577

Tweets

@GroenWerkt » 22 Oct '12, 1pm
#oildr Drumbeat: October 22, 2012 #mlfeeds: After the Boom in Natural Gas “The country has stumbled into a wind... [link]
@FeedcoGroup » 22 Oct '12, 1pm
RT @TheOilDrum: Drumbeat: October 22, 2012 [link]
@openib » 22 Oct '12, 1pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall on ... [link] #iSolar
@bigpicturetv » 22 Oct '12, 1pm
The Oil Drum: Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfa... [link]
@EnergySysNews » 22 Oct '12, 1pm
[oilbarrel] Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall... [link]
@komaliaint » 22 Oct '12, 1pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall on the back... [link]
@UECTT » 23 Oct '12, 5am
RT @TheOilDrum: Drumbeat: October 22, 2012 [link]
@Alltop_green » 22 Oct '12, 2pm
Drumbeat: October 22, 2012 [link]
@mahoganyltd » 22 Oct '12, 2pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall on the back... [link]
@Oilinventory » 22 Oct '12, 1pm
RT @theoildrum: Drumbeat: October 22, 2012 [link]
@Cimation » 22 Oct '12, 1pm
Drumbeat: October 22, 2012 [link]
@bestofscience » 22 Oct '12, 1pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall on the back... [link]
@SKSMediaMalta » 22 Oct '12, 1pm
RT @TheOilDrum: Drumbeat: October 22, 2012 [link]
@geology511 » 22 Oct '12, 1pm
RT @TheOilDrum: Drumbeat: October 22, 2012 [link]
@SKSMediaUAE » 22 Oct '12, 1pm
RT @TheOilDrum: Drumbeat: October 22, 2012 [link]
@jvogler » 22 Oct '12, 1pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a windfall on the back... [link]
@cfroyalty » 22 Oct '12, 1pm
Drumbeat: October 22, 2012: After the Boom in Natural Gas “The country has stumbled into a... [link] [link]
@TheOilDrum » 22 Oct '12, 1pm
Drumbeat: October 22, 2012 [link]