Fracking’s Fishy Finances a Fiscal Failure
August 9, 2020
From Desmogblog.
I learned more about this in researching the new videos that will drop this week…
Climate Denial Crock of the Week
with Peter Sinclair
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August 9, 2020 at 12:08 pm
It has been obvious for years that the only thing keeping fracking alive was the greed of the investors. Glad to see them all taking the hit they so richly deserve. Good riddance and may they all burn in hell.
August 10, 2020 at 1:11 am
Aye, but the investors aren’t going to be paying for the cleanup, we are.
August 10, 2020 at 5:48 am
The investors never really take the hit.
August 14, 2020 at 4:04 am
Trump left his sucker investors holding the bag during his business bankruptcies.
August 10, 2020 at 5:46 am
See also the Institute for Energy Economics and Financial Analysis https://ieefa.org/ for their excellent analysis over the years. Fracking has always been a financial boondoggle. Now we are going to be left with the rest of us 1) bailing out the financialists who bet big and lost and 2) tens of thousands of unplugged holes abandoned by fracking operators who don’t have the wherewithal to plug the holes because they are dead flat broke.