finance

'nytimes.com: A key reason for the terrible financial results is that fracked oil wells show a steep decline rate.'
'Paul Bridger: The Red Queen said, “It takes all the running you can do, to keep in the same place.” - trying to tread water too no avail.'
'nytimes.com: The amount of oil they produce in the in the second year is drastically smaller than the amount produced in the first year... for fracking operations to keep growing, they need huge investments each year to offset the decline from the previous years' wells.'
'Paul Bridger: A (unviable) Ponzi scheme is a form of financial business fraud forever chasing loans and new investors to pay out previous and new investors returns and service principle and top up loans with added interest.'
'nytimes.com: Because the industry has such a voracious need for capital, and capital costs money, fracking could not have taken off so dramatically were it not for record low interest rates after the 2008 financial crisis. In other words the Federal Reserve is responsible for the fracking boom. - First pointed out by Max and Stacy Keiser well over 8 years ago.'
'Paul Bridger: A (unviable) Ponzi scheme is a form of financial business fraud forever chasing loans and new investors to pay out new investors returns and service principle loans with added interest.'