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Author Topic: 🦕🦖 Hydrocarbon 🐍 Hellspawn Mens Rea Actus Reus modus operandi  (Read 2060 times)

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AGelbert

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Excellent comment:

Quote
Shale oil production was never anything more than a scheme to extend and pretend this version of industrial civilization.  It was a jobs program in reality, employing many thousands of workers at good wages and supporting all the restaurants and car salesmen and home builders -- all on debt. 

Without shale oil production this global economy would have realized Peak Oil is here and now and collapsed years ago.  So the gambit worked, and is still working, but apparently not for much longer, as many of us who have kept tabs on the shale industry have known all along. 

Like everything else about this global economy, it was a debt fueled fantasy, and is nearing the point where all fantasies end -- when reality reasserts itself.
Fri, 08/09/2019 - 14:04


Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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