Lessons from the Barnett Shale suggest caution in other shale plays
The Potential Gas Committee announced in late June that shale gas has increased the US resource base to more than 1,800 Tcf. Shale players are now more confident than ever that they are in the right business. The miracle of low risk and high reward must be working. The executives of these companies and the investment analysts that promote their stock have proclaimed a new miracle in which high
