Behind Veneer, Doubt on Future of Natural Gas

Sounds like the energy folks are placing too much faith in their own private Tinker Bell.

But not everyone in the Energy Information Administration agrees. In scores of internal e-mails and documents, officials within the Energy Information Administration, or E.I.A., voice skepticism about the shale gas industry.

One official says the shale industry may be “ set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. Several officials echo concerns raised during previous bubbles, in housing and in technology stocks, for example, that ended in a bust.

via Behind Veneer, Doubt on Future of Natural Gas – NYTimes.com.