If you've got a New York Times subscription, you can go read this article. I don't, so all I can share is the gist, which I got from this Twitter account:
U.S. shale fracking is so energy- and labor-intensive that producers *lost* a third of a trillion dollars between 2010-2020, only surviving on venture capital funds subsidizing the industry.
I liked this comment in response to that summary:
The dying empire reflexively stabbing its arm with the subsidy syringe, trying to find a vein.
North Dakota... Pennsylvania... the frac sand mining of the Mississippi River bluffs in Minnesota and Wisconsin... all so venture capitalists could lose money subsidizing cheap oil in a climate emergency.
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