Thursday, March 21, 2013

One big fracking mess

If you're one of the people out there who believe that due to the shale discoveries in the U.S. and elsewhere that we are on the cusp of an energy revolution akin to the very discovery of oil then boy do you have some serious shockers coming. I'd suggest watching the following video in which peak oil veteran Richard Heinberg thoroughly debunks this new energy renaissance.

Still not convinced? Chris Martenson makes the same arguments and provides the backing numbers:

If you're basing all of your future financial decisions based on the single assumption the U.S. is about to become "energy independent" (I'm looking at you, Alberta), you might want to make a 'Plan B' as well.

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Richard Fantin is a self-taught software developer who has mostly throughout his career focused on financial applications and high frequency trading. He currently works for CenturyLink

Nazayh Zanidean is a Project Coordinator for a mid-sized construction contractor in Calgary, Alberta. He enjoys writing as a hobby on topics that include foreign policy, international human rights, security and systemic media bias.

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