Fracking, an all-american business

[fschmidt]

Yes, a scam.

http://www.businessinsider.com/greenlig ... 015-5?op=1
http://finance.yahoo.com/news/oil-hits- ... 15488.html

[OutWest]

Yes, a scam.

http://www.businessinsider.com/greenlig ... 015-5?op=1
http://finance.yahoo.com/news/oil-hits- ... 15488.html

This article is rather propagandistic. What exactly do they mean, that the cracking industry was given 80 Billion more than they produced in oil...SO FAR. Its a new industry.what is so unusual about that. Compared to the tech bubble BS , ITS NOTHING. the US spends about 500 billion a year on gasoline alone, let alone aviation fuels and many other uses for oil
If the perception of american oil plenty helped bring about a great drop in the price of oil, the net gains to the american consumer on gas alone would excced 150 billion in just 12 months, let alone all the other scores of billions saved by assorted energy consumers. The Saudis hate frackers. They see them as a great danger. I would be open to an intelligent analysis. This one is just a hit piece.

[Cornfed]

Nothing good is going to be produced before the collapse. It is just a matter of the elite stealing the remaining wealth nominally held by anyone else. Fracking is just another way to steal pension funds and such under the guise of investments. It is a pity they have to destroy the environment to do this, but I guess scams of this magnitude need some real-world cover.

[Moretorque]

Did anyone ever take a look at the Genpax water car ? I believe the whole entire energy depletion thing is a scam. The elite need to control the means in which the worlds powered to control all economic and growth activity. This along with Global warming is intended to control and stop us from getting cars and put us on mopeds, bicycles or public transit.

[Ghost]

.

[fschmidt]

This article is rather propagandistic. What exactly do they mean, that the cracking industry was given 80 Billion more than they produced in oil...SO FAR. Its a new industry.what is so unusual about that. Compared to the tech bubble BS , ITS NOTHING. the US spends about 500 billion a year on gasoline alone, let alone aviation fuels and many other uses for oil
If the perception of american oil plenty helped bring about a great drop in the price of oil, the net gains to the american consumer on gas alone would excced 150 billion in just 12 months, let alone all the other scores of billions saved by assorted energy consumers. The Saudis hate frackers. They see them as a great danger. I would be open to an intelligent analysis. This one is just a hit piece.

I am not a finance guy, but the presentation made sense to me. These fracking wells produce oil for just a few years, so they don't really qualify as a long term investment. This means that 80 Billion (or whatever the number is) difference is meaningful. The basic point of the article is that at current oil prices, these companies are losing money. And even with higher prices, their valuations are far from justified. So this is a bubble, and a scam because the guys running these companies undoubtedly realize this. It is a small bubble, not as big the tech or real estate bubbles. But it is a good example of how American business works today, all scams removed from reality.

Of course I shouldn't complain, my main business is also a scam. There is really no choice when consumers are complete imbeciles who can't recognize quality. All one can really do with modern consumers (and modern investors) is scam them.

[Moretorque]

Look it doesn't matter, the people providing the credit tokens as well as their buddies who run these corporations for them having nothing invested in it, the central bank scam has unlimited #'s to funnel into any wild escapade. You are looking at a huge wealth transfer to the non producer away from the real producers with crap like this.

Socialism Communism and the people who set this financial system up have really pulled a fast one. You see they cannot go bankrupt because they have unlimited money but eventually they implode the whole civilization by allocating to many resources to the unproductive.

[Wolfeye]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

[OutWest]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

With almost all resources, the lower grade reserves far outnumber high quality reserves. The Saudis have high grade reserves and technologies that enable extraction of the massive lower grade reserves do threaten their position.
And yes, much that goes on with the house of Saud is skuldugery. You will likely note that Saudi denunciations of Israel will be rather muted. The Obama administration is highly disliked by the Saudis and seen as clearly sympathizing with Iran vs the suni kingdoms. The saudis have discreetly decided that Israel is a more trusted player. There is much that goes on behind the scenes of course. Members of the Saudi royal family have quietly slipped into Israel for advanced surgeries. Sources place IDF generals in Riyadh within the last 12 months. Obama is seen as an idiotic propeller head by both the Saudis and Israel, ( and in this case, both the Jews and the Arabs agree and they are both correct)

While it is reasonably speculated that the saudis have emergency access of some sort to nukes via Pakistan, ( they paid for much of the cost), that still does not have the gravitas of the Israeli stregic position. Not so far south of Iran, a Dolphin class submarine (one of the worlds quietest.) Cruisess as we speak, with enough firepower to turn all of Iran's major cities into a sea of glass. The point is not lost on the suni kingdoms, and they have started cutting deals.

[Moretorque]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

With almost all resources, the lower grade reserves far outnumber high quality reserves. The Saudis have high grade reserves and technologies that enable extraction of the massive lower grade reserves do threaten their position.
And yes, much that goes on with the house of Saud is skuldugery. You will likely note that Saudi denunciations of Israel will be rather muted. The Obama administration is highly disliked by the Saudis and seen as clearly sympathizing with Iran vs the suni kingdoms. The saudis have discreetly decided that Israel is a more trusted player. There is much that goes on behind the scenes of course. Members of the Saudi royal family have quietly slipped into Israel for advanced surgeries. Sources place IDF generals in Riyadh within the last 12 months. Obama is seen as an idiotic propeller head by both the Saudis and Israel, ( and in this case, both the Jews and the Arabs agree and they are both correct)

While it is reasonably speculated that the saudis have emergency access of some sort to nukes via Pakistan, ( they paid for much of the cost), that still does not have the gravitas of the Israeli stregic position. Not so far south of Iran, a Dolphin class submarine (one of the worlds quietest.) Cruisess as we speak, with enough firepower to turn all of Iran's major cities into a sea of glass. The point is not lost on the suni kingdoms, and they have started cutting deals.

I am no expert on History but people need to understand what you are looking at today in the middle east as well as the Saudi house all goes back to WW1 when the banks and oil companies the banks own went in and seized control of all the oil over there. All the ruling bodies in the oil rich nations are puppet regimes erected by the ruling elite from europe.

Go research who was the first company to drill in Saudi Arabia, it's all right in front of your face how the world really works. Allow me to issue the currency and I care not who makes the laws. They figured this out long ago so they have the whole system designed to deflect all attention away from this key fact, they own and control all the biggest armies in the world for backup because as Mao said political power grows out of the barrel of a gun.

Who created Israel ????????

[Wolfeye]

Well, the whole thing with Islam & oil & who controls the oil seems to be very deceit-ridden. At the end of the day, what happens is what occurs. Whether it has the Saudis, the Americans, the British, the Israelis, the Germans, or the Iranians as a source, that is what goes on. I think people kind of confuse themselves by looking at origins & supposed motives, but ignoring the output.

[OutWest]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

With almost all resources, the lower grade reserves far outnumber high quality reserves. The Saudis have high grade reserves and technologies that enable extraction of the massive lower grade reserves do threaten their position.
And yes, much that goes on with the house of Saud is skuldugery. You will likely note that Saudi denunciations of Israel will be rather muted. The Obama administration is highly disliked by the Saudis and seen as clearly sympathizing with Iran vs the suni kingdoms. The saudis have discreetly decided that Israel is a more trusted player. There is much that goes on behind the scenes of course. Members of the Saudi royal family have quietly slipped into Israel for advanced surgeries. Sources place IDF generals in Riyadh within the last 12 months. Obama is seen as an idiotic propeller head by both the Saudis and Israel, ( and in this case, both the Jews and the Arabs agree and they are both correct)

While it is reasonably speculated that the saudis have emergency access of some sort to nukes via Pakistan, ( they paid for much of the cost), that still does not have the gravitas of the Israeli stregic position. Not so far south of Iran, a Dolphin class submarine (one of the worlds quietest.) Cruisess as we speak, with enough firepower to turn all of Iran's major cities into a sea of glass. The point is not lost on the suni kingdoms, and they have started cutting deals.

I am no expert on History but people need to understand what you are looking at today in the middle east as well as the Saudi house all goes back to WW1 when the banks and oil companies the banks own went in and seized control of all the oil over there. All the ruling bodies in the oil rich nations are puppet regimes erected by the ruling elite from europe.

Go research who was the first company to drill in Saudi Arabia, it's all right in front of your face how the world really works. Allow me to issue the currency and I care not who makes the laws. They figured this out long ago so they have the whole system designed to deflect all attention away from this key fact, they own and control all the biggest armies in the world for backup because as Mao said political power grows out of the barrel of a gun.

Who created Israel ????????

Who created the oil industry in the middle east and made a bunch of nomads rich? Without the industry and invention of the West, oil is pretty much noxious tar pits to keep you camels away from. There was not some grande conspiracy. In the west to take over the booming oil industry in the middle east. The Western powers were the source and inventors of that industry, and even today, a lot of the technical know how has to come from the west.

[OutWest]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

With almost all resources, the lower grade reserves far outnumber high quality reserves. The Saudis have high grade reserves and technologies that enable extraction of the massive lower grade reserves do threaten their position.
And yes, much that goes on with the house of Saud is skuldugery. You will likely note that Saudi denunciations of Israel will be rather muted. The Obama administration is highly disliked by the Saudis and seen as clearly sympathizing with Iran vs the suni kingdoms. The saudis have discreetly decided that Israel is a more trusted player. There is much that goes on behind the scenes of course. Members of the Saudi royal family have quietly slipped into Israel for advanced surgeries. Sources place IDF generals in Riyadh within the last 12 months. Obama is seen as an idiotic propeller head by both the Saudis and Israel, ( and in this case, both the Jews and the Arabs agree and they are both correct)

While it is reasonably speculated that the saudis have emergency access of some sort to nukes via Pakistan, ( they paid for much of the cost), that still does not have the gravitas of the Israeli stregic position. Not so far south of Iran, a Dolphin class submarine (one of the worlds quietest.) Cruisess as we speak, with enough firepower to turn all of Iran's major cities into a sea of glass. The point is not lost on the suni kingdoms, and they have started cutting deals.

I am no expert on History but people need to understand what you are looking at today in the middle east as well as the Saudi house all goes back to WW1 when the banks and oil companies the banks own went in and seized control of all the oil over there. All the ruling bodies in the oil rich nations are puppet regimes erected by the ruling elite from europe.

Go research who was the first company to drill in Saudi Arabia, it's all right in front of your face how the world really works. Allow me to issue the currency and I care not who makes the laws. They figured this out long ago so they have the whole system designed to deflect all attention away from this key fact, they own and control all the biggest armies in the world for backup because as Mao said political power grows out of the barrel of a gun.

Who created Israel ????????

Who created the oil industry in the middle east and made a bunch of nomads rich? Without the industry and invention of the West, oil is pretty much noxious tar pits to keep you camels away from. There was not some grande conspiracy. In the west to take over the booming oil industry in the middle east. The Western powers were the source and inventors of that industry, and even today, a lot of the technical know how has to come from the west.

[Moretorque]

OutWest: I don't understand most of what you said. Please elaborate- particularly about the Saudis. It seems they're involved with a lot of the f***ed-up things that go on here. Oddly, enough- it seems Israel has some of that same thing going on. Keep in mind that I was saying Israel the country, not Jews genetically.

With almost all resources, the lower grade reserves far outnumber high quality reserves. The Saudis have high grade reserves and technologies that enable extraction of the massive lower grade reserves do threaten their position.
And yes, much that goes on with the house of Saud is skuldugery. You will likely note that Saudi denunciations of Israel will be rather muted. The Obama administration is highly disliked by the Saudis and seen as clearly sympathizing with Iran vs the suni kingdoms. The saudis have discreetly decided that Israel is a more trusted player. There is much that goes on behind the scenes of course. Members of the Saudi royal family have quietly slipped into Israel for advanced surgeries. Sources place IDF generals in Riyadh within the last 12 months. Obama is seen as an idiotic propeller head by both the Saudis and Israel, ( and in this case, both the Jews and the Arabs agree and they are both correct)

While it is reasonably speculated that the saudis have emergency access of some sort to nukes via Pakistan, ( they paid for much of the cost), that still does not have the gravitas of the Israeli stregic position. Not so far south of Iran, a Dolphin class submarine (one of the worlds quietest.) Cruisess as we speak, with enough firepower to turn all of Iran's major cities into a sea of glass. The point is not lost on the suni kingdoms, and they have started cutting deals.

I am no expert on History but people need to understand what you are looking at today in the middle east as well as the Saudi house all goes back to WW1 when the banks and oil companies the banks own went in and seized control of all the oil over there. All the ruling bodies in the oil rich nations are puppet regimes erected by the ruling elite from europe.

Go research who was the first company to drill in Saudi Arabia, it's all right in front of your face how the world really works. Allow me to issue the currency and I care not who makes the laws. They figured this out long ago so they have the whole system designed to deflect all attention away from this key fact, they own and control all the biggest armies in the world for backup because as Mao said political power grows out of the barrel of a gun.

Who created Israel ????????

Who created the oil industry in the middle east and made a bunch of nomads rich? Without the industry and invention of the West, oil is pretty much noxious tar pits to keep you camels away from. There was not some grande conspiracy. In the west to take over the booming oil industry in the middle east. The Western powers were the source and inventors of that industry, and even today, a lot of the technical know how has to come from the west.

The conspiracy was Germany was going for the oil and WW 1 resulted because of this so England would get it. It is a carefully guarded secret about how the world really works and the real causes of war, when you need unlimited sheeple to do your bidding it's best to dupe them to their deaths.

Also something else those people had no say in how they were to bring their black gold to market, they were forced to take the paper tokens of England for it, the ruling elite has looted the planet with a accounting gimmick and no real payment. People do not understand all the nations have been forced into bankruptcy and this is the social arrangement provided by the social engineers. You get reemed in the A Hole by them because you have been conquered. All paper money systems over time go to there real value of 0, they censored all the history books so us sheople would not be aware of this.

[starchild5]

You had me at American

Common, we have been through this a million times...If you hear American....Run for the hills...Nothing good can ever come out of America That was decided a long time ago when the Conspiracy Movement started or you decided to get away from the trap