Many objections to the science and economics of shale production have been raised for years. These objections have serious implications for investors in securities that are related in any way to the energy industry. This series attempts to summarize what I see as important risks as well as potential rewards. Instead of fighting against the critics of shale production, investors can simply attempt to profit instead. Part 2 of this article will highlight several ways for investors to potentially profit with or without any bursting of a “shale bubble”. As most investors are aware, David Einhorn recently presented his concerns about the poor economics of U.S. shale production at the Sohn conference. Specifically, he went after shale producers Pioneer Natural Resources (NYSE: PXD ), Concho Resources (NYSE: CXO ), Whiting Petroleum (NYSE: WLL ), Continental Resources (NYSE: CLR ), and EOG Resources (NYSE: EOG ). While I think […]