How To Create San Leon Energy Hydraulic Fracturing In Poland From the Chicago Tribune’s Paul McRae: Last week, at a news conference in Ann Arbor, Mich., steel magnate Donald Trump said he wants to unleash the “bio-economic-technological” power of hydraulic fracturing, an action that he suspects will create tens of thousands of jobs and lead to hundreds of millions of dollars of exports. “What if we blow to business our technological engineering infrastructure?,” he said, looking down at construction materials, coal seams and drilling operations. The irony of such a proposal was that the U.S.
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has taken the place of such companies as Dohme, Amex Corp., General Electric Co. , Chevron Corp., and ExxonMobil Corp.—and now, with a potential energy boom that threatens their vast portfolios of assets in the United States, the shale region is a risky business.
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Until that happens, Trump, he said, America would have nothing to fear from these shale-based companies, and he won’t waste American jobs from shale producers. “I say it right now,” he added. “Look, I’m going to create a massive abundance of new jobs and start the economy as that site were never going to have.” Yet that’s exactly what his plan would look like—perhaps without gas. When asked what he expected to find in that fracking field of gold and metals he’d declared to be his home, Trump stuck by his plan and bragged about it with increasing frequency over the weekend.
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“I am going to create jobs and create incomes for everybody,” he said. The point of fracking, of course, should never be confused with fracking jobs in the United States. In 2017, when Hillary Clinton’s campaign head Kellyanne Conway traveled to Oklahoma for a news conference, she predicted that “the “superficial” oil spills around the world were going to cause jobs to shift 30,000 jobs from Canada down to other parts of the world. Apparently she was right. But fracking isn’t at all “superficial.
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” And probably more than most companies take it. So while Trump is certainly correct that fracking has economic benefits in this country, his vision is also fundamentally wrong on the other side of an entire sea of corporate interests. “Silicon Valley Big Oil” and “Silicon Valley Regulators” Trying to Pay Wall Street The one major industry that has gotten huge corporate bailout after massive financial bailouts has been the giant aerospace giant Boeing (BA.N) and Lockheed Martin (LMT). Much of what caused this crash in 2003, and then ensuing bankruptcy in 2010 , was not caused by skyrocketing oil prices as the National Transportation Safety Board declared, but by the “new conventional wisdom about when the money goes to the angels” of financial capitalism.
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The main cause of this apparent $20 billion bailout was the continued rampant use of a form of collateralized debt-shorting (CDS) that was “collateralized” against massive profits at the expense of local investors, an “extraordinary act.” While many banks in the late 1970s and early 1980s used CDS to foreclose on mortgages on, say, foreclosed nuclear projects, the CDS system was no better. A cursory glance at the Fed’s case-by-case analysis with respect to CDS indicates that CDS was neither of these industries’ principal source of profit and was actually the other, because CDS products were relatively worthless
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