Fracking promised America an energy revolution. Might it deliver a financial crisis instead?
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Fracking for oil and natural gas has remade the global energy industry in America’s favor. But, much of the industry’s growth has been fueled by mountains of cheap debt and unrealistic forecasts. Might the entire enterprise be a financial crisis in the making?
Not a big fan of fracking. It has caused several earthquakes in and around DFW, though none recently, or at least none of consequence. About ten years ago, my fireplace all but caved in, and my driveway developed a recurring buckle that damaged my car. During that time, there were scads of energy-related companies going door to door trying to purchase the gas rights under our homes. I'm not sure which was worse, the influx of knuckleheaded salesmen, or a caved-in fireplace.
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Not a big fan of fracking. It has caused several earthquakes in and around DFW, though none recently, or at least none of consequence. About ten years ago, my fireplace all but caved in, and my driveway developed a recurring buckle that damaged my car. During that time, there were scads of energy-related companies going door to door trying to purchase the gas rights under our homes. I'm not sure which was worse, the influx of knuckleheaded salesmen, or a caved-in fireplace.
Lucky I live in a state and a county that banned this!!!!!