Most investors have the good sense to ignore the daily barrage of market statistics. But the recent sharp drop in oil prices seems to have caught everyone’s attention. Over the last six months, oil prices have fallen 50% to levels not seen since 2009. The causes of the decline are pretty straightforward. Oil is a […]
fracking
Living With Fracking
Hydraulic fracturing or fracking has turned the U.S. Energy outlook upside down. Since 2010 U.S. natural gas production has increased 25% and oil production, 60%. We have passed Russia as the world’s largest gas producer and within a couple of years we may pass Saudi Arabia as the world’s largest oil producer. Fracking elicits a […]
