Thursday , July 18 2019
Home / David Stockman's Contra Corner / Shale Pioneer: Fracking Is An “Unmitigated Disaster”

Shale Pioneer: Fracking Is An “Unmitigated Disaster”

Summary:
He did not pull any punches. “While hundreds of billions of dollars of benefits have accrued to hundreds of millions of people, the amount of shareholder value destruction registers in the hundreds of billions of dollars,” he said. “The industry is self-destructive.” https://oilprice.com/Energy/Energy-General/Shale-Pioneer-Fracking-is-an-Unmitigated-Disaster.html

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Circus Mueller Delayed But Still A Dagger Dems Are Aiming At Themselves

David Stockman writes Another Red Ponzi Debt Eruption: ABS Market Grows 10X In Five Years

David Stockman writes President Eisenhower’s Worst Nightmare: Massive Defense Contractors Extracting Billion Per Year From Uncle Sam

David Stockman writes The Rise Of Monetary and Fiscal Insanity

He did not pull any punches. “While hundreds of billions of dollars of benefits have accrued to hundreds of millions of people, the amount of shareholder value destruction registers in the hundreds of billions of dollars,” he said. “The industry is self-destructive.”

https://oilprice.com/Energy/Energy-General/Shale-Pioneer-Fracking-is-an-Unmitigated-Disaster.html

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *