Suicide Economics – How the Fracking Industry Increases US Debt-load by Billions

Watch Max Keiser explain in his colourful way why the fracking industry is doomed and how it fosters ‘suicide economics’ that increases debt massively.

Shell Oil’s Bet on Fracking Fails

Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas.

Don’t Invest in UK Fracking Industry says Investors Chronicle

Premier UK investment magazine Investors Chronicle confirms that investing in the UK Fracking Industry would be foolish. Summing up a long article on the profits investors might make out of fracking, Christopher Boxall of the Fundamental Energy Fund concludes:

“The fracking arena clearly presents numerous investment opportunities in virtually every element of the process outside the traditional sphere of the big energy explorers and producers. However, given the vast amount of material and machinery needed to effectively exploit the resource, to any serious degree, it’s hard to imagine that the over-crowded UK could ever be in the position to effectively fully commercialise its reserves – thankfully international opportunities abound.”

How marvellous that we can screw up other countries, but with a bit of luck our green and pleasant land will remain untouched by the frackers.