Surprise, Surprise ….
Fracking proponents like to use an evocative economic metaphor in talking about their industry: boom. The natural gas boom. Drilling is exploding in North Dakota and Texas and Pennsylvania. Only figuratively so far, but who knows what the future holds.
The Post Carbon Institute, however, suggests in a new report [PDF] that another metaphor would be more apt: a bubble, like the bubbles of methane that seep into water wells and then burst.
PCI presents the argument in its most basic form at ShaleBubble.org.
For more on this story, visit: Why the fracking boom may actually be an economic bubble | Grist.