Search Results for: fracking

Fracking Creates A Glut Of Fossil Fuels & A Mountain Of Debt

To hear officials in the Trump administration tell it, fracking is a fantastic gift to the American people because it allows the US to be the largest oil and gas producer in the known universe. The US is pumping so much of the stuff, it now has what is being called “energy security.” Apparently no one in government has tumbled to the fact that renewable energy also provides that elusive “energy security” as well.

The Great American Fracking Bubble

In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S. What was McClendon’s secret?