Fracking ‘complete sham’ holding back US economy, energy market expert tells Keiser Report ...United Arab Emirates

The fracking industry relies on negative interest rates to convince investors that they will lose money slower than just holding cash, says Max Keiser of RT’s Keiser Report. He spoke to the director of Public Citizen’s energy program Tyson Slocum about the structural failures in the energy market which allowed for a negative oil price. “The US fracking industry, which has had structural financial problems for a very long time, was left completely exposed by the chain of events surrounding Covid-19,” Slocum said, adding that the “entire business model has been exposed to be a complete sham.” As an example, Slocum spoke about one leading

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