Game over. Almost ten years of hype soon will be over and buried together with billions of tons of contaminated mixture of water, chemicals and broken rocks responsible for devastation of countless communities and ecosystems throughout the US and the world. The bill for this misadventure is coming due while M.S.M propaganda proclaims: it’s OK, there is no problem, since US oil industry made countless billions over the years to weather price slump and cover expenses.
The problem is however, that over last decade and even before, no shale oil fracking companies, never ever, made a cent of profit from shale oil or gas, even at $120 per barrel and definitely not now. It was all Wall Street conceived, developed and driven, game of misleading and pretending, cruel game of illusion and fraud made possible by Feds deliberate ZIRP and QE+ money pump into casino-like, extremely speculative financial instruments, bordering to insanity.
I greatly appreciate efforts of millions of hard-working down-to-earth American software engineers from Silicon Valley and elsewhere in the US who, with sweat of their brow, built backbone of world digital revolution in all fields of engineering. However, with heavy heart I must say that, as it has been clear for a while to everyone, except for bloated media gurus, and their sedated, gluttonous former revolutionary prophets of new digital age, that Silicon Valley has become serious or fatal impediment to further development of digital technology and software engineering. Similarly useless have become their ill-conceived, insane ideas of fake novelty, which only purpose nowadays is to obstruct, sleaze, slime, hype and expel odorous gases of their inventors’ digestive track before spatter us with their next creative destruction diarrhea.
Throughout centuries engineers had to face reality of balancing their professional, technical and scientific judgments with governmental laws/regulations and policies, business/corporate profits and investment interests, technological capabilities and local environmental and economical community needs. In order to keep this balance most of engineers were trained within widest possible engineering breath encompassing all aspects of engineering issues and projects including construction and exploitation phases as well as long-term impact on ecosystem, from point of view of ethics and methodology of natural sciences. Especially emphasizing ethical interpretation of engineering assessment uncertainties.