Talk of natural gas bubble draws industry ire

Townhall.com Staff
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Posted: Jun 29, 2011 9:33 AM
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.

"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."