All that media bullshit about US fracking boom was just hype to finance rip-off scams, soon leaving dead bankrupt wells, poisoned land and water and less and less loot for the scammers.
The US’s drive to become a top global oil and gas exporter by fracking has been blown wide open by a 96% write-down of California’s Monterey Shale – meant to hold two thirds of the US’s shale oil. How long before the whole enterprise is exposed as another monstrous Ponzi scheme?
The US oil industry is also due to spend $2.8 trillion by 2035 just to stay even whereas the Middle East will spend a third less, produce three times more in the same time.
“After years of talking about it, we are finally poised to control our own energy future.” Continue reading