No More Crackers for Fricking Frackers?

Richard Stanley

Well-Known Member
The following video discusses how the irrational exuberance of American frackers and their investors, with Putin's and Saudi help, led them to poison their own wells, so to speak.

Imagine if a certain president, of a certain country not to be named, had been warned by such as Mr. Putin or those Saudi friends of his, that around a certain date, an oil price war would occur. And this president, whose financial dealings are not transparent nor who's assets are properly held in blind trust, and his friends could engage in short positions in the relevant stocks and commodity markets.

Such points to an inherent problem in the manner that capital is deployed in the current economic regime. It also puts the lie to the claim that such millionaires and billionaires have all the merit they and others claim for themselves.