Links Aug. 8. 2013
Has the Shale Bubble Already Burst? (Igor Alexeev, Naked Capitalism cross posted from Oil Price) “The average depletion rate of wells in the Bakken Formation (the largest tight oil play in the US) is reported to be 69 percent in the first year and 94 percent over the first five years (37 percent and 50 percent in the Barnett Formation).”
The Foolish Push to Scrap Fannie Mae and Freddie Mac (Jason Gold, U.S. News & World Report) Prof. Barkley Rosser offered a similiar idea Why Are We Rushing To Get Rid Of Fannie Mae and Freddie Mac? posted at Angry Bear via Econospeak.
What Steve Keen is maybe trying to say (Nick Rowe, Worthwhile Canadian Initiative)
You Libs and your running-out-of-oil scares are getting OLD. According to you we have been running out of oil FOREVER
You need to read “The Boy Who Cried Wolf”