This is lengthy, but well documented and reasoned in support of his thesis.
There’s only one thing wrong with all the predictions of a revitalized United States energy superpower flooding the world with its shale oil and shale gas. It’s based on a bubble, on hype from the usual Wall Street spin doctors. In reality it is becoming increasingly clear that the shale revolution is a short-term flash in the energy pan, a new Ponzi fraud, carefully built with the aid of the same Wall Street banks and their “market analyst” friends, many of whom brought us the 2000 “dot.com” bubble and, more spectacularly, the 2002-2007 US real estate securitization bubble. A more careful look at the actual performance of the shale revolution and its true costs is instructive.By reading this article you will find out about little reported facts such as the "Haliburton Loophole", you will learn about fossil-fuel industry connected people whom Obama appointed to a commission set up to examine dangers of shale fracking, and facts from industrial sources which belie optimistic projections of a new fuel bonanza.
