Talk of natural gas bubble draws industry ire

Jun 29, 2011 9:33 AM
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Talk of natural gas bubble draws industry ire

NEW YORK (CNNMoney) -- Big energy company executives and government researchers are firing back at a recent New York Times story suggesting the recent boom in natural gas production from shale rock is unsustainable and perhaps fraudulent.

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"You really have to wonder why the New York Times is campaigning against cleaner-burning, domestically produced natural gas," ExxonMobil Vice President Ken Cohen wrote in a blogpost Monday. "If the writer had bothered to call us, we would have told him that ExxonMobil's investment approach is disciplined and based on a long-term view of global market conditions."

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