Bloomberg Says NatGas Producers “Killing” Gas Price Rally
It’s been at least two weeks without a natural gas hit piece from Bloomberg (they had to leave the natgas topic alone for a few weeks to get their candidate re-elected)…must be time for another smear. Yep, here it is: “Gas Prices Doomed to Stay Low as Producers Pump Faster.” The premise is that because gas prices have started to climb again, the capitalistic, selfish energy companies are greedily turning back on “shut-in” wells and hooking up previously drilled wells and the gas is now flowing so darned much, it’s doomed gas prices to stay low, like, forever.
Never mind that next week Bloomberg will run another story that says these same energy companies are vastly overstating how much shale gas really exists and supplies will run out in a few years—that we don’t really have 100 or more years of supplies as most experts believe. Being a bit truth-challenged has never bothered Bloomberg, or Reuters or the AP for that matter. They have a template, a narrative—and the “facts” will be bent, molded and shaped to fit it.