Energy Independence has once again faded away

Shale extraction by fracking as the solution to peak oil has been a pipe dream. At the same time China and Russia continue to tie up resources. The petrodollar is on the decline and the petro-ruble is coming on line.

See: http://www.marketwatch.com/story/dream-of-us-energy-independence-was-just-revised-away-2014-05-22?dist=tbeforebell

This entry was posted on Friday, May 23rd, 2014 at 8:47 am and is filed under Biblical Economics & Money. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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