Nonsense
In order to keep a lease, you don't have to do massive drilling. It only takes one well. You don't even have to run it all the time. Yet we now get 25% (I've actually read 40% just the other day) of our gas from shale.
All the talk of accounting tricks is silly. On the scale of production that's going on, if at the end of the day if you don't have money in your pocket, you just don't do it. Accounting tricks are only useful to hide profits. For example, there are all kinds of ways to shift profit so you reduce taxes. But if there is no profit, then no accounting trick will ever conjure one up.
Neider needs to stop thinking that oil companies will spend tens of billions in unprofitable enterprises just to mess with his mind. He might also consider taking an Accounting 101 course.
