Friday, June 14, 2013

Energy: boom or bust?

Here's an interesting article about industries that support our fracking-driven energy boom:

http://finance.yahoo.com/news/u-shale-boon-manufacturers-not-063714236.html


In my experience as a former environmental regulator, foreign firms (Canadian, Chinese, European) are the ones building new manufacturing facilities in the US. There simply are no US firms in the running any more, other than the ones coating frac sand.


That's what happens when "your" Congress allows capital to flow freely out of the country without penalty. Speculators "borrow" money at 0% from the Federal Reserve and invest it at a 20% rate of return somewhere else (like China). Then the "somewhere else" eventually has the cash to come back into the US and build a factory.


America destroyed itself; more precisely, American bankgangsters and corporations destroyed the US. Give them your thanks ... or not.

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