Cheap Money Fracking Fall Out PAYBACK = SHALE HELL

Two stories of how to frack your friends & your enemy….

  1. Friends (and some unsuspecting folks too) of the fracking process got fracked with Cheap Money per this Bloomberg report…”But fracking wouldn’t have gained so much momentum so quickly without so many profligate lenders. It would have probably followed a slow, steady trajectory upward, with companies proving themselves to investors one at a time. As it was, the spigot of cash flooding into junk bonds, master limited partnerships and other energy investment vehicles was so great it enabled both stable and shaky companies to obtain easy financing. U.S. output of oil and natural gas swelled by 42 percent from 2008 to 2014, helping create a glut that eventually overwhelmed demand”.
  2. How to frack your own constituent: Arlington former council member was interviewed and obviously steered the reporter to a picture of a resident in his district…(me and Benzene).mel used my pic

Since this post is about two ways to get fracked through fracking, it is only fitting to end with this 2011 link  with more spewing from this councilman who showed off his own conflict-of-interest (had his own gas drilling consulting website) the day he testified before the Ft Worth Gas Drilling Task Force. I was lucky to have been selected to counter his statements that day thanks to Lon Burnam.

Payback Time:

  • Councilman resigned under pressure
  • Bloomberg report goes on to say,“But the pain of investment losses largely outweighed the positive effects as investors from Main Street to pensions and foundations lent piles of money to speculative energy companies that looked increasingly fragile”.
  • Global ramifications in glut in oil FALL OUT that includes countries (not diversified from low oil pricing) hurting just to put food on the table
  • Federal Government new Methane regulations trying to stem runaway Global Warming
  • Chesapeake Energy’s high debt load dragging them into oblivion? (Arlington TX’s main driller)
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About Kim Triolo Feil

Since TX Statute 253.005 forbids drilling in heavily settled municipalities, I unsuccessfully ran for City Council Seat to try to enforce this. Since Urban Drilling, our drinking water has almost tripled for TTHM's. Before moving to Arlington in 1990, I lived in Norco’s “cancer alley”, a refinery town. It was only after Urban Drilling in Arlington did I start having health effects. After our drill site was established closest to my home, the chronic nosebleeds started. I know there are more canaries here in Arlington having reactions to our industrialized airshed (we have 55-60 padsites of gas wells). Come forward and report to me those having health issues especially if you live to the north/northwest of a drill site so I can map your health effects on this blog. My youtube account is KimFeilGood. FAIR USE NOTICE: THIS SITE MAY CONTAIN COPYRIGHTED MATERIAL THE USE OF WHICH HAS NOT ALWAYS BEEN SPECIFICALLY AUTHORIZED BY THE COPYRIGHT OWNER. MATERIAL FROM DIVERSE AND SOMETIMES TEMPORARY SOURCES IS BEING MADE AVAILABLE IN A PERMANENT UNIFIED MANNER, AS PART OF AN EFFORT TO ADVANCE UNDERSTANDING OF THE SOCIAL JUSTICE ISSUES ASSOCIATED WITH EMINENT DOMAIN AND THE PRIVATIZATION OF PUBLIC INFRASTRUCTURE (AMONG OTHER THINGS). IT IS BELIEVED THAT THIS IS A 'FAIR USE' OF THE INFORMATION AS ALLOWED UNDER SECTION 107 OF THE US COPYRIGHT LAW. IN ACCORDANCE WITH TITLE 17 USC SECTION 107, THE SITE IS MAINTAINED WITHOUT PROFIT FOR THOSE WHO ACCESS IT FOR RESEARCH AND EDUCATIONAL PURPOSES. FOR MORE INFORMATION, SEE: HTTP://WWW.LAW.CORNELL.EDU/ TO USE MATERIAL REPRODUCED ON THIS SITE FOR PURPOSES THAT GO BEYOND 'FAIR USE', PERMISSION IS REQUIRED FROM THE COPYRIGHT OWNER INDICATED WITH A NAME AND INTERNET LINK AT THE END OF EACH ITEM. (NOTE: THE TEXT OF THIS NOTICE WAS ALSO LIFTED FROM CORRIDORNEWS.BLOGSPOT.COM)
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