Monday, February 14, 2011

Shale Gas Land Suckers-Boom and Bust - Karl W Miller - Seeking Alpha

The reason Washington has not "rushed to the gate" on natural gas is due to the factors that Mr. Miller has outlined many times. 1) The Federal and State Governments will have to levy substantial "environmental taxes" on the shale gas industry to meet budget deficits and appease the public; 2) Some States are moving to ban natural gas and oil fracking outright; 3) Natural Gas, while a cleaner fuel than Coal still has a large carbon footprint; 4) The automobile and transportation industry does not want to be forced to "re-tool" Detroit again, after making significant investment in "electric vehicle technology" following the Federal Bailout; 5) Coal and other lobby groups will not allow natural gas to become a fuel of choice until all of the previously mentioned risks and issues have been resolved.Shale Gas Land Suckers-Boom and Bust - Karl W Miller - Seeking Alpha

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