Tuesday, August 13, 2013

Fracking is a Ponzi Scheme

A licence for fracking has been granted to a small rural village (Balcombe) near my home-town in the UK. Here Jim Willie, well into his explanation of the geopolitical arena (which is fascinating in itself!), he talks about Halliburton, the Gulf of Mexico distaster and the chemicals which you need to do fracking. Surprise! There is a monopoly on ownership of the chemicals, and it's Halliburton who hold the rights. (from minute 40.00, where he talks about net energy, monopolies, land-contracts, and Obama):


Here's Part I:


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