Wednesday, July 03, 2013

Growing Doubts on the Numbers from Fracking Giant Chesapeake Energy

A growing chorus of independent analysts and law enforcement agencies have their doubts and have questioned whether shale drillers are overhyping their financial prospects and overestimating how much oil or gas they can profitably pull from the ground. Just this week, one of America's biggest agricultural lenders, the Netherlands-based Rabobank, announced that it would no longer lend money to companies that invest in shale gas extraction (nor to farmers worldwide who lease their land to these drillers).


Growing Doubts on the Numbers from Fracking Giant Chesapeake Energy



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