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Monday, December 01, 2014

Bye-bye, U.S. fracking profits? By Ray Wallace

Oil has fallen to its lowest price since 2010. So why have OPEC nations decided not to lower their oil output?

To make it even more unprofitable for rival frackers in the U.S.!

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"The major strike is against the American market.”
-- Billionaire Russian oil baron Leonid Arnoldovich Fedun,
as quoted in
“OPEC Decision Likely to Crash U.S. Fracking Industry,”
by Anastasia Pantsios, at this November 27, 2014 EcoWatch site: 

This may be a mixed blessing for victims of fracking pollutions. When frackers lose profits, they expect corrupt, climate-ignoring U.S. politicians to force taxpayers to make up the difference.
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“I’d put my money on the sun and solar energy.
What a source of power! I hope we don’t have to wait 
til oil and coal run out before we tackle that.”
--Thomas Edison

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1 comment:

Anonymous said...

Thomas Edison was a vile individual who screwed the world, especially Tesla.