Monday, September 13, 2010
India's Marcellus Ploy
In case you haven't been following it, an increasing number of energy companies have been JV'ing their way into the Marcellus Shale play. Make no mistake; the word is out that early gas production yields are high and everyone wants a piece of the profits. This time, it's India's Reliance Industries, Ltd.
Read about it here.
So I ask; where do you think the gas will be going? Where do you think the profits will be wired? And do you think Reliance cares a rat's eyeball about what happens to Pennsylvania's air, land, and waters?
Day by day, deal by deal, the probability of being able to stop this madness is slipping away.
Or is it?