Shale gas: 'The dotcom bubble of our times'

Telegraph (UK) ^ | 04 August 2014 | Tim Morgan

[Lorianne]

Tim Morgan was global head of research at Tullett Prebon 2009-13 and is the author of 'Life After Growth'

[2ndDivisionVet]

[The Working Man]

Unlike the majority of the DOT.COM businesses; Shale gas is an actual product that is acquired through the exploration process of drilling wells and not vaporware.

For me that is a BIG difference between the two.

[Russ]

Spot on, Vet...

[Fractal Trader]

Malarkey alert!

[Wingy]

Yes, I glanced at the story and I saw the word "fracking" so I know it's a bad thing, right?

I sometimes wonder if England is gonna make it.

[dila813]

Global commodity, toilet mouths

[Bogey78O]

He made a dystopian prediction and he’ll be damned if anyone stops it from happening.

[Lorianne]

How could anyone stop it from happening?

It will either turn out to be true or not true.

[ChildOfThe60s]

As my father used to say, some people just can’t stand prosperity.

[Kozak]

Its okay Eurotwits. Keep building windymills and solar.
And you can get your real energy from the US or you can be slaves to the USSR, er Russia.

[RoosterRedux]

And the revenue and income from shale gas is relatively easy to predict...unlike the dotcoms.

This is a bullsh!t comparison.

[Nifster]

Obviously, this maroon does not understand what the ‘dot com bubble’ was really all about. The ridiculous notion that anyone could through together vaporware and promises of grandiosity based on no product and no ideas is what caused the ‘dot com bubble’. The failure of companies that had nothing to offer is what always happens in a market economy. Giving fancy names to things that don’t exist and that people neither need nor want guarantees you won’t be around five years from now.

On the other hand shale, like so many in the hardware business, is a product that will still be around years from now.The only question will be whether or not it is economical to produce it.

[Nifster]

precisely

[beef]

For this to be like the dot com bubble, they would have to be throwing millions at anyone who has a shovel and announces his intention to dig a hole. I do not think that is happening.

[FlyingEagle]

OK let us please sell you some of our clean burning fracking gas from Texas. The LNG tankers are revving up. How does $14 an mcf sound? Normal?

[okie01]

The US is already littered with [shale] wells that have been abandoned, often without the site being cleaned up.

I live in the midst of the Barnett shale, the very first shale gas play in the U.S.

And I have no idea what he's referring to. It's certainly not the case around here...

[minnesota_bound]

There will always be windmills....
Just don’t count on them when the wind dies down.

[familyop]

It would seem that shale oil should be in the news. It’s not likely that shale oil is breaking even, while WTI crude is less than $99 per barrel.

[Praxeologue]

Shale Oil is why U.S. natural gas is $4.50/mcf, rather than $15.00 as in Tim Morgan's country and elsewhere in the world. If Europe is foolish enough not to develop its own shale gas resources, then U.S. entrepreneurs will compress U.S. natural gas to LNG, ship it to Europe, decompress it, all for around $4.00/mcf and sell it to the Europeans for $15.00/mcf, pocketing a nice $6.50/mcf profit.

Go ahead Europe, leave it in the ground and make yourselves a customer of ours. While we gear up our LNG facilities, Putin will have his way with you.

The Telegraph and the UK Conservative Party have become what Margaret Thatcher referred to as "wets".