like calculus like a complicated
form it wasn't algebra and too
many factors that go into
determining whether this works
or doesn't work.
for me to be able to come up for
e me to be able to weigh
believers to skeptics to come up
with an answer and other part of
it was humbling is that look at
the history of fracking
everybody has tried to predict
it has been wrong and, in fact,
looking at the history of oil
predicting in trying to predict
future direction of oil prices
almost everybody who make
prediction is wrong back to
fears of peak oil in 1970s and
1980s.
so i also profiled another
company in my book a company
located here called eog
resources which people called
harvard of shale or apple of
shale with a flip side flip
counterpoint to chesapeake as
companies that shows that this
business can be done.
and at least sort of financially
sound way.
but what i would say is that
there's reason to be worried
about the industry.
because to me the key question
is how real is this revolution