Shale gas is not the foundation of U.S. energy security that conventional wisdom claims, says Bill Powers in this interview with The Energy Report. But as shale gas peters out, the law of supply and demand will drive gas prices up.
As impressive as shale gas and oil production has been in North America, Evan Smith expects 2014 to break records as producers move to a pure manufacturing process and drill multiple horizontal wells from a single pad. Smith tells us why a few of the companies in his fund had a stellar 2013, and why they could go even higher in 2014.
The numbers don't lie—but politicians and industry bigwigs do. While pundits still wax poetic about an era of American energy independence, Bill Powers sees productivity plummeting in almost every major shale play.
Energy pundits sing natural gas' praises, but Bill Powers, author of "Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth," isn't buying it. He sees serious flaws in how reserves are reported.