Indeed, Rick, depleting the others reserves at a rather cheap rate and keep the own reserves for times of great need and high prices would seem wiser. This of course also a case in which capitalism does not work as the externalities are not taken into account by private agents. The state which did a fine job supporting the research should have been far stricter in regulating the market.
Ulenspiegel, I don't know on which guesstimates the business plan of many of those companies was founded and investement was comitted but I would be surprised to see the current prices of natural gas among the vast majority. A boom contains of course always the danger of overinvestment and the misallocation of capital. This might be half-bad if there is a good deal of sensible infrastructure as after the Railway Mania in the UK but it does not look as pretty for the current one...
It will be highly interesting to watch how the story goes on. In the meantime investments in other areas seem to be more promising in the long term.
I recently watched NASA | Regenerative Fuel Cells, Energy Storage Systems for Space Applications [HD] .
Great stuff, of course mostly about the things it says in the title.
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