5 thoughts on “Fracking’s Fishy Finances a Fiscal Failure”
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.
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.
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.
Aye, but the investors aren’t going to be paying for the cleanup, we are.
The investors never really take the hit.
Trump left his sucker investors holding the bag during his business bankruptcies.
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.