+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 51
Latest: JUST4TheFACTS
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 15255
Total Topics: 265
Most Online Today: 64
Most Online Ever: 201
(December 08, 2019, 11:34:38 pm)
Users Online
Members: 0
Guests: 1
Total: 1

Author Topic: Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution  (Read 15719 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 32074
  • Location: Colchester, Vermont
    • Renwable Revolution

Quote
There will come a day, for example, as with all financial bubbles, when the wildly optimistic projected profits of industries such as fracking will no longer be an effective excuse to keep pumping money into failing businesses burdened by debt they cannot repay.

“The 60 biggest exploration and production firms are not generating enough cash from their operations to cover their operating and capital expenses,” Bethany McLean writes of the fracking industry in an article titled “The Next Financial Crisis Lurks Underground” that appeared in The New York Times. “In aggregate, from mid-2012 to mid-2017, they had negative free cash flow of $9 billion per quarter.”



https://www.truthdig.com/articles/conjuring-up-the-next-depression/


Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

+-Recent Topics

🚩 Global Climate Chaos ☠️ by AGelbert
February 19, 2020, 12:57:42 pm

2020 Presidential Election by AGelbert
February 19, 2020, 12:50:50 pm

Doomstead Diner Daily by AGelbert
February 19, 2020, 12:28:46 pm

Money by AGelbert
February 18, 2020, 06:27:18 pm

Profiles in Courage by AGelbert
February 18, 2020, 05:53:50 pm

Corporate Profits over Patient in the Health Care Field by AGelbert
February 18, 2020, 04:45:02 pm

🦕🦖 Hydrocarbon 🐍 Hellspawn Mens Rea Actus Reus modus operandi by AGelbert
February 18, 2020, 04:34:11 pm

New Pandemic? by AGelbert
February 18, 2020, 04:25:43 pm

The Circular Economy 👨‍🔬 (i.e recycle EVERYTHING 🌞) by AGelbert
February 18, 2020, 02:43:25 pm

Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution by AGelbert
February 17, 2020, 11:33:30 pm