Gas Industry: Talk to the Hand
Steve LeVine at Foreign Policy has a real interesting analysis (that doubles as a spanking of Michael Lewis, author of The Big Short,) on why the shale gas industry, in the face of increasing political pressure, is taking a don’t worry, be happy posture.
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Between 2005 and 2007, our largest investment banks as a group nearly brought down the entire global economy by betting one-way on an inexorable rise in housing prices, and the capacity of budget-stretched Americans to pay escalating mortgage payments. https://dentalprovidence.com/implants/ Assuming that he knows as much about shale gas, there is no need to read further. This dolt spanking Lewis? Not even funny.
https://dinoeliadis.com/recommended-reading/ Fannie, Freddie, and the Community Reinvestment Act might have played a role.
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