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.
I think that is what the author is talking about ... the economics of getting it out of the ground.