Fracking runs on the Greater Fool theory of finance, making money in dud investments by unloading wells onto someone else. The Fossil Fool industries, with straight faces, want to take in tens of trillions of dollars for useless fossil fuel resources from the greatest fools they can find, just before those resources go over the financial cliff. We need to stop them.
Buyers of fracked oil and gas wells are assured that the wells will yield enough product to pay back the investment before it runs dry. They rarely do, but it has taken Wall Street decades to figure out the scam being run on them.
Renewable Thursday: Fracking is a Ponzi Scheme
John Kerry asked about the Vietnam War,
How do you ask a man to be the last one to die for a mistake?
Q. How do you ask a man to be the last one to go bankrupt for an even bigger global mistake?
A. With the straight face of a con man.
All of fossil fuel is going to be totally dependent on this Greater Fool plan.