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zebra4o1

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zebra4o1

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Monday, 10/19/2009 2:15:24 PM

Monday, October 19, 2009 2:15:24 PM

Post# of 30546
Great ASPO presentation on US shale gas. Author claims they are nowhere near as profitable as claimed, and that stated reserves are gross exaggerations. Of course what else would you expect from a presentation at a peak oil conference?

Really like his analogy between the shale gas boom and the subprime mortgage bubble.

http://www.aspo-usa.org/2009proceedings/Art_Berman_12_October_2009.pdf

Hat tip to Umnhum on SI. Umnhum had 100% of his portfolio in long term oil futures at one point. Wonder how that worked out?

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