As my regular readers know, I’ve been talking for quite a while now here about the speculative bubble that’s built up around the fracking phenomenon, and the catastrophic bust that’s guaranteed to follow so vast and delusional a boom.
Articles: shale bubble (8)
In the first half of 2014 the volume of debt issued by the global petroleum industry was equivalent to the GDP of Austria.
Every square on the bingo card marked “economic debacle” has been filled in with a pen dipped in fracking fluid.
Post Carbon Institute has published a report calling into question the production statistics touted by promoters of hydraulic fracturing or fracking.
When considering shale economic viability, hype was the only aspect that actually existed.
...the University of Texas released an updated study on the Texas’ Barnett shale formation which confirmed the Barnett’s overall shale gas production has now declined by more than 20 percent since 2011. The study also confirmed of the 16,000 Barnett wells drilled to date about 12,000 …
In this keynote presentation Richard surveys three over-arching global trends that provide the context for smart local economic development and planning.
It’s been a little more than a year since I launched the present series of posts on the end of America’s global empire and the future of democracy in the wake of this nation’s imperial age. Over the next few posts I plan on wrapping that theme up and moving on. However …