|Photo: “American Gasland,” artwork by River Side (marcellusprotest/Flickr)|
The article asserts that on an averaged annual basis, shale has been unprofitable since 2008. As to why there is so much drilling activity, read the entire article.
The uncomfortable truth is that, at this point, we simply don't know how big our shale gas resources are, how much of the gas can be technically or economically produced, or how profitable producing the gas actually is. And that should give us pause.