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In many ways, the world economic boom has been fueled by the low cost of gas and oil, and fracking has been at the heart of this dynamic. However, fracking has rarely been profitable and has piled up enormous debt. That's quite aside from the disastrous effects on the environment. Here is an article that documents the financial problems of the frackers. Evidently the Canadian pension fund has now stepped in to invest in fracking! https://truthout.org/articles/the-fracking-industry-is-in-debt-retirement-funds-are-helping-bail-it-out/ John Reimann -- *“In politics, abstract terms conceal treachery.” *from "The Black Jacobins" by C. L. R. James Check out:https:http://oaklandsocialist.com also on Facebook _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
