For Fracking Sake, an Industry Completely out of Control
One wonders how these catastrophes keep arriving on the front pages
The NYTimes recently reports—as if it was Breaking News:
‘Monster Fracks’ Are Getting Far Bigger. And Far Thirstier. “Giant new oil and gas wells that require astonishing volumes of water to fracture bedrock are threatening America’s fragile aquifers.”
Yeah well, we’ve long known that what’s become known as ‘industrial agriculture’ has been stealing water from million-year-old aquifers for decades. Back in the day of owner-operator farmers there was a dug well for the household and crops thrived or failed according to the weather.
But then the bean-counters arrived, those masters of profit at any cost who tell absentee farmers what to do and when to do it to keep Wall Street invested. When family farms get gathered and sold as ‘investment vehicles,’ bad stuff happens. It’s always good to remember that a ‘vehicle’ in Wall Street terms is a getaway car from a robbery. Remember 2008? The vehicle in that disaster was sub-prim…