About the Shale Gas Hype

"The 100 years of supply of shalegas is now actually looking as 6-7 years of shale gas supply."

Listen to all in this broadcast. Tonnes of interesting stuff, in particulare listen to Kunstler taking about the shale gas industry at the end of the second half of the program.

Then as a Swede doesen't it ring a bell when its reveiled the finance markets objectiv to start trading water ww on a separate exchange? We had our wounderfull and renuable water electricity and that has now been listed on a new exchange for all the Nordic countries in what was supposed to be a deregulated market. End result? A hell of a lot more expensive electricity for the end user and a hell of a lot of profit and bonuses for high level executives and owners.
http://www.youtube.com/watch?feature=player_embedded&v=VvqaumuXkXQ

Citigroup Predict Water Will Be Bigger Than Oil
I expect to see a globally integrated market for fresh water within 25 to 30 years. Once the spot markets for water are integrated, futures markets and other derivative water-based financial instruments - puts, calls, swaps - both exchange-traded and OTC will follow. There will be different grades and types of fresh water, just the way we have light sweet and heavy sour crude oil today. Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals."
http://www.oilvoice.com/n/Citigroup_Predict_Water_Will_Be_Bigger_Than_Oil/5854839c9.aspx

Its amazing to follow that development of the swedish electricity market. A company that was only relying on some 1% on fossil enegy has during a twenty year period managed to become well over 50% dependent on fossile fuel and at the same time gotten involved in business with immence risk on the European Continent. Now for Q2 the have in fact made a second quarter operating loss of 3.2 billion crowns.

Vattenfall in Q2 loss, blames German nuclear decision
http://www.cnbc.com/id/43922775

With Electricity and water on separate exchanges awaliable on the financial markets to trade with using CDOs and extensive levarage were then all getting in to speculative bubbles as in e.g. housing as well as possibly bailouts as scarcity takes its toll further destroing the welth and well beeing of ordinary people.

By the way as the immence risk taking made by Vattenfall and the Ts&Cs related to that business has been reveiled the politicians actually sacked both former chairman as well as the CEO.

Only problem is that these guys have been paid humongeous amount of both salary and bonuses while implementing what only can be refered to as extremely hazeardeous business. In fact the whole of Vatten fall can become at stake.

But these thye utmost responsable, have not had to pay back any of this money nor have they meen taken to court for the in fact damage they have created. In stead they got an added payout as they left.

The former CEO, who has been under heavy fire, received compensation of 12 million kronor ($1.8 million) even though he resigned voluntarily, which violates state guidelines.
http://www.swedishwire.com/business/9015-swedish-government-sacks-vattenfall-chairman

GASLAND Trailer 2010
http://www.youtube.com/watch?v=dZe1AeH0Qz8

Behind Veneer, Doubt on Future of Natural Gas
But not everyone in the Energy Information Administration agrees. In scores of internal e-mails and documents, officials within the Energy Information Administration, or E.I.A., voice skepticism about the shale gas industry.
One official says the shale industry may be “set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. Several officials echo concerns raised during previous bubbles, in housing and in technology stocks, for example, that ended in a bust.
https://www.nytimes.com/2011/06/27/us/27gas.html?_r=1&src=me&ref=general