Marcellus Shale Debate Takes a New Turn
Energy and Capital's Weekend Edition
Welcome to the Energy and Capital Weekend Edition — our insights from the week in investing and links to our most-read Energy and Capital and sister publications.
“It's the beginning of the end for shale gas,” they say.
Unfortunately, most of them don't have much of a clue about what's going on.
What they're referring to is news that came out of Pittsburgh this week. On Tuesday, the Pittsburgh City Council adopted a new ordinance banning natural gas drilling in the city.
This marks the first time an ordinance has targeted the surging activity in the Marcellus Shale pay.
Make no mistake; the Pittsburgh community has every right to ban drilling within city limits.
Believe me, it's a good thing for them to look out for the health and well-being of their community.
But even with the Pittsburgh ban this week, the Marcellus will continue to be a hotbed of activity...
Because regardless of how the hydraulic fracturing issue is settled, companies will find a way to commercially extract the Marcellus shale.
Ever since the Barnett play thrust the shale boom into the limelight, these shale plays have been very successful for investors over the long term.
And if you think that you can't be profitable in natural gas, take a look at just four Marcellus players:
Not too shabby, considering the Marcellus has yet to receive its due attention.
And considering drillers can survive after natural gas prices bottomed this past summer, you can bet they'll flourish as the supply-demand imbalance works itself out over the next several years.
Of course, there's always more than one way to play the energy markets...
Below, you'll find some of the week's top-read investment articles to cross my desk.
Enjoy your weekend,
Editor, Energy and Capital
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