Gas prices and oil prices. Everything’s heading south.
Fracking’s not just an environmental catastrophe. It’s been a too-good-to-be-true, herd mentality, tulip mania.
In this video they unstitch some of the nonsense that lies behind the US shale gas bubble that’s now bursting.
Why are the companies still producing the gas when the price is on the floor? One reason is debts they’ve taken on to fund their drilling.
Financial projections being given by financial analysts are still hopelessly optimistic.
The numbers don’t check out on any level.
Yes the Infrastructure Bill is being pushed through in the UK Parliament demands that Britain joins in the madness.