The natural gas industry is compared to Enron and the dot.com bust, characterized as a Ponzi scheme, and said to be built on shaky economics in this well-researched New York Times article and this follow-up over the weekend.
The newspaper scoured “hundreds of industry emails and internal documents” and analyzed data from thousands of gas wells during the writing of the article.
The emails reveal various industry people expressing concern about inflated and misleading financial forecasts.
The Star-Telegram buried the first article on p. 10 of the Local section on Sunday… and they edited it in an industry slanted way.
The S-T prints press releases, it doesn’t do journalism. A major story sitting under their nose and they still can’t write about it.