Comments by "" (@TheDavidlloydjones) on "How Fracking Became America's Money Pit" video.

  1. There was an old and interesting theory, started by a guy named Hobshwme, that the entire British Empire was just a scheme for the English Lords and Ladies to rob the English working class, running the money and the blood through a long involved and meaningless path all around the planet. The most convincing bit of support for this, to my mind, is that a whole lot of other people who never had the planetary empires did as well or better than the English on the whole through those centuries. This comes to mind as I watched this video: can this whole fracking thing be just a Ponzi scheme, with the oil, the drilling, the steel, the huge exchanges of real estate and licenses and laws and all the noise and what-not, all of that as meaningless as the British Empire? If this video is correct, the crash to come is going to be reeeeally weird!
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  2. There's a very bad, and very stupid, mistake at 2:59. It says "From 1970 to... the US imported most of its oil from Saudi Arabia and Russia." This is beyond false: it is kindergarten illiterate. This is so ignorant and crazy, I hope somebody can get through to Bloomberg, fire the author and his supervisor, and replace this with a corrected video on this important topic. US corporations make huge profits from Saudi Arabia, but the US has never imported any significant oil from there, nor from Russia. Both of them sell to Europe, China, and Japan. The US is self-sufficient, and I the years when it wasn't, it imported from Venezuela, West Africa, and Canada.
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