Deborah Rogers, a Shale Gas Economist, will speak at four upcoming appearances in the Finger Lakes this March. She will discuss her insights into the Gas Drilling Industry in a presentation entitled “In Their Own Words: Examining Shale Gas Hype”. Subjects covered will include the Industry’s ponzi scheme behavior with land acquisition and drilling leases as well as its questionable profitability in actual market conditions. She is unique in her professional credentials as an economist and financial adviser as well as her first hand interaction with the Gas Companies in the heart of the Texas drilling region. There will be a Q&A session during which many aspects of the economics of hydrofracking will be discussed.
Finger Lakes Appearances
- Wednesday March 21 6:30 PM
Albright Auditorium, Hobart and William Smith Colleges
20 St. Clair Streeet, Geneva, NY
- Thursday March 22 7:00 PM
Watkins Glen Elementary School Auditorium
612 S. Decatur Street, Watkins Glen, NY
- Friday March 23 7:00 PM
Groton High School Auditorium
400 Peru Road, Groton, NY
- Saturday March 24 7:00 PM
Penn Yan Middle School Auditorium
515 Liberty Street Penn Yan, NY
About Deborah Rogers
Deborah Rogers began her financial career in London working in Investment Banking, specifically venture capital, during the Thatcher years. Upon her return to the U.S., she worked as a financial consultant for nearly a decade for several major Wall Street firms, including Merrill Lynch and Smith Barney. Ms. Rogers then struck out on an entrepreneurial venture in 2003 with the founding of Deborah’s Farmstead, an artisanal cheese-making operation. From a small herd of about 40 milkers, Ms. Rogers quickly established the company as one of the premiere artisanal cheese dairies in the U.S. Her cheeses have won several national awards in the prestigious American Cheese Society Competition, which attracts competitors from all around the world. In addition, she is known for innovative farming techniques which have brought the farm and dairy acclaim in the national farming press. Ms. Rogers got involved in natural gas when she learned that an energy company planned 12 high impact wells next to her property and dairy pastures.
Concerned about toxic pollution from the wells and how it would affect her animals and ultimately cheese production, she asked the energy company to pipe emissions away from her land, but the company refused. Ms. Rogers then hired an environmental engineering firm to conduct baseline testing. The tests were the first of their kind in North Texas, and Ms. Rogers submitted the results to the city of Fort Worth, the Texas Commission on Environmental Quality (TCEQ) and EPA. Within a month, the TCEQ began extensive testing of gas operations in the region. In their final report, they stated that “gas production facilities can, and in some cases do, emit contaminants that can be deemed unsafe.” Following this conclusion, the City of Fort Worth hired ERG to conduct extensive testing at sites within the city limits. These results concluded that 94% of total sites tested had detectable benzene emissions (a known human carcinogen) together with other toxic compounds. ERG recommended the use of electric engines and vapor recovery units, among other equipment, both of which Ms. Rogers had been publicly recommending since 2009. Also in 2009, Ms. Rogers began speaking out about financial anomalies with regard to the economics of shale gas.
Having come from a family with a history in oil and gas (her great-great-grandfather was one the of the first wildcatters in the U.S.), she began to question the continued frenzy of drilling activity in light of the severe economic downturn and collapse of natural gas prices. Given her financial background, she examined the financial records of various public companies, which showed some interesting discrepancies in their public reporting. She has been giving presentations on shale gas economics around the country since that time, and was featured prominently in a June, 2011 The New York Times article questioning the economics of shale gas.
Deborah launched, Energy Policy Forum, the pre-eminent web site for discussing the complex problems inherent in shale gas. EPF is a comprehensive meeting ground where geologists and experts from different fields (science, environmental and finance/economics) can educate each other about the economic discrepancies and environmental dangers that surround shale gas drilling.
The U.S. finds itself at an energy crossroads today as alternative power sources like wind and solar gain public acceptance. Unlike other sites, EPF is not dedicated to the interests of any one industry. Instead, it is devoted to promoting meaningful dialogue on all emerging energy issues. As the gas industry continues its campaign of promoting shale gas as the energy of the future, EPF is an essential public forum for uncovering all the facts, identifying the problems and ultimately, finding solutions.
Ms. Rogers served on the Advisory Committee for the Federal Reserve Bank of Dallas from 2008-2011. She was appointed in 2011 by the Texas Commission on Environmental Quality (TCEQ) to a task force reviewing placement of air monitors in the Barnett Shale region in light of air quality concerns brought about by the natural gas operations in North Texas. She also joined a regional steering committee for the Oil and Gas Accountability Project (OGAP) in 2011 with responsibility for economic questions. She has spoken at universities, business venues and public forums throughout the country on the anomalies of shale gas production. She was prominently featured in an article by the New York Times in June 2011 exposing shale gas and again in Rolling Stone Magazine in 2012.
Energy Policy Forum