Scheme

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

The New York Times (NYT), chastised last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and has hyped the research of questionable sources, according to a Forbes magazine contributor.

The New York Times (NYT), admonished last year for, among other things, describing the shale gas industry as a “Ponzi” scheme whose future would match that of Enron Corp., continues to focus exclusively on the negative risks of gas drilling and its “institutionalized bias concerns appear to be spreading,” according to a Forbes magazine contributor.

A bipartisan coalition of senators has expressed concerns that the U.S. Environmental Protection Agency (EPA) is attempting to expand its definition of diesel fuels in the draft permitting guidance to gain more federal control over hydraulic fracturing (fracking).

Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006.

Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006. The real question is how will the market adapt, or rather, what’s the market going to do with all the production?

Alaska Gov. Sean Parnell is calling for new tax incentives and credits for oil and gas exploration and development in a bill that would amend the state’s oil and gas production tax scheme.

Alaska Gov. Sean Parnell is calling for new tax incentives and credits for oil and gas exploration and development in a bill that would amend the state’s oil and gas production tax scheme.

An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and gas exploration in Kentucky and Tennessee is dead from an apparent suicide. Ashvin Zaveri, 71, late last year was charged with 16 counts of money laundering and mail and wire fraud dating back to 2003 (see NGI, Dec. 21, 2009). Zaveri shot himself on a park bench in the Rochester, NY, suburb of Mendon, the Associated Press reported. Zaveri had been expected to plead guilty to tax and fraud charges in September. He faced six to eight years in prison.