The American Miracle Idea Of Energy Independence Is Crumbling
by Raul Ilargi Meijer via The Automatic Earth blog
ZeroHedge.com
12/10/2014
The American miracle idea of energy independence is fully reliant on a shale patch that went over $100 billion deeper into debt every year for years running just to produce that not-so-miracle. Take away 40%+ of what revenue it did take in, and there is no independence left. All that’s left is fracking fluids in your drinking water, and a few trillion in debt that the Big Kahuna lenders will seek to unload upon the real economy.
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