Folks, when the most preeminent Wall Street International Bankster (managing $200 Billion in assets) expresses concern for Fracking’s environmental consequences…Obama is doing some seriously, deeply, wrong, shit to the environment!!
Go to the *.pdf and start reading from page 9 the section titled “The Beginning of the End of the Fossil Fuel Revolution” (“From Golden Goose to Cooked Goose”)
I think it is time to imprison Barac Obama and other oily/fracky/pipeliny politicians.
Excerpt regarding Obama’s absolutely lurid subservience to Big Oil:
“we have never spent more money developing new oil supplies than we did last year (nearly $700 billion) nor, despite U.S. fracking, found less”
Concerning Obama’s stupefyingly asinine fracking attack against the People’s Commons, the most diplomatic statement I could find is in an article about the above *.pdf quarterly report:
“Earlier this month, we highlighted Grantham's full quarterly letter to GMO clients, in which he said, among other things, that the US shale boom has been "a very large red herring."
"Its development has been remarkable," Grantham writes.”
"It will surely be seen in the future as a real testimonial to the sheer energy of American engineering at its best, employing rapid trials and errors – with all of the risk-taking that approach involves – that the rest of the world finds so hard to emulate. Similarly, it will always stand out as remarkable proof that, so late in the realization of the risks of climate change and environmental damage, the U.S. could expressly deregulate such a rapidly growing and potentially dangerous activity."”
“The overall thrust of Grantham's letter is that the world will soon be devoid of the resources it is going to need to sustain our current economic model, which over the last 150 or so years has been predicated on cheap energy, namely oil. “
“A concern Grantham has with fracking is that the boom hasn't been accompanied by any real concern as to the environmental damage it may be inflicting.”
Obama and Washington has exhibited gross negligence in carrying out the sworn duties of the offices they hold…namely, pursuing Taxapayers’ best interests.