Post Carbon Fellow David Hughes’ and Energy Policy Forum Debbie Rogers’ new reports were featured in this article at the Fort Worth Weekly. Visit shalebubble.org to see the reports.

From the article:

In the second paper, also published in February, geologist David Hughes, who worked for the Canadian government for 32 years, breaks down how quickly the major shale plays in the United States are being depleted. Hughes draws the conclusion that many, if not most, shale gas wells in this country will run dry in 10 years or less –– leaving a lot of investors holding worthless stock.

It’s an ugly picture –– for drillers, investors, banks, and all the industries that are retooling to use cheap gas that may not be there.

“I think the big winners in the game have already bailed, and a lot of people down the food chain are going to get burned in a few years,” Hughes told Fort Worth Weekly.

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