At some point shale gas production numbers--drilled, produced, consumed--end the Ponzi scheme story advanced by the NYT and a few others. Consider extraordinary production shale data from the Energy Information Administration that suggest that point has arrived.
Shale gas production increased by on average 17% per year from 2000 to 2006. Those strong gains meant shale production doubled every 4 years. But the 2000 to 2006 production gains were just a preview of production growth ahead.
From 2007 to 2010 shale gas production increased by 48% per year or it doubled about every 18 months.
Shale gas today accounts for 30% of all gas consumed. That's quite a reality for a fraud or Ponzi scheme.
The USA has now had 10 years of shale gas production that have featured explosive annual growth rates and added up to massive total annual production. These production numbers alone should drive a stake through the Ponzi diversionary charge.