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sumisu

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sumisu

Re: None

Wednesday, 08/15/2018 9:27:26 PM

Wednesday, August 15, 2018 9:27:26 PM

Post# of 8507
With sub-$60 oil, fracking and tar sands losses threaten the whole financial system

Paul Mobbs

17th December 2014

A new financial crisis is threatening to dwarf the 'subprime' mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost 'unconventional' oil and gas. Now, with oil sinking below $60, all that paper is turning to junk - and that's putting the entire economic system at risk.

https://theecologist.org/2014/dec/17/sub-60-oil-fracking-and-tar-sands-losses-threaten-whole-financial-system

PEAK OIL - EPOCHAL EVENT OF OUR LIVES #board-6609
SUSTAINABLE LIVING FOR CHALLENGING TIMES #board-9881
PEAK BEE POPULATION - COLONY COLLAPSE DISORDER #board-17471
PEAK WATER #board-12656

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