Weekly Link Orgy

An interesting blog post by Arthur Berman posted on the blog Petroleum Truth Report. Mr. Berman, who is a geologist, takes a contrary opinion opposed to the conventional excitement over shale plays in North America.

Is the "efficient market" hypothesis responsible for the financial crisis? Jeremy Grantham mocks the hypothesis in one of his recent quarterly letters. "The incredibly inaccurate efficient market theory was believed in totality by many of our financial leaders, and believed in part by almost all. It left our economic and government establishment sitting by confidently, even as a lethally dangerous combination of asset bubbles, lax controls, pernicious incentives and wickedly complicated instruments led to our current plight."

An interesting series of blogs that cover five North American Shale plays: Barnett Shale, Bakken Shale, Haynesville Shale, Fayetteville Shale and the Marcellus Shale. The blogs are well organized, easy to read and are not cluttered with extraneous information.

The emerging debate over what direction natural gas prices will go given that the oil to gas ratio is at 18, the highest level in many years:

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Article Five

Being bullish on natural gas is certainly a crowded trade, which may tell investors something about it.

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