Fracking

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?

Fossil Water Depletion, Groundwater Contamination, Saltwater Intrusion, & Permanent Subsidence — The Great Freshwater Depletion…

As these fossil water reserves are depleted, there is often nothing to replace them (the one notable exception being the possibility of desalination in some regions), with the eventuality often being large populations, industrial infrastructure, and farmland that is untenable in the regions in question, to be followed by mass migrations out of such regions.