Wall Street's Next Bubble - Fracking

Ken O’Brien

The last big financial crisis  was brought about by the sudden collapse of the housing bubble. Synthetic derivatives based on inflated home values and unscrupulous mortgage practices suddenly collapsed leaving investors holding worthless paper that threatened the foundations of world financial markets.

History appears to be repeating itself. However, this time the target is the world energy market.

Collapsing crude oil prices due to oversupply are reaching critical levels. They threaten Wall Street banks, investors and a dozen countries. 

Foremost among these are Russia, Iran and Venezuela, where revenue losses have caused severe financial degradation, and economies are about to implode. 

While Americans are today enjoying $2 per gallon gasoline, Wall Street's analysts are predicting an imminent energy market collapse. This will bring financial institutions to their knees once again, and taxpayers are being set up for another mandatory bailout. 

No Fracking Way In Massachusetts

Ken O’Brien

Massachusetts isn't rich in fossil fuels, but we’re going to great lengths to keep the fracking industry out of the state. Last week, the Massachusetts State Legislature's Joint Committee on Environment and Natural Resources approved a 10-year ban on fracking.

The measure would also prevent fracking waste-water from being treated, stored, or disposed of in Massachusetts. The legislation is moving on to the Massachusetts' House Ways and Means Committee, and hopefully, it will then be approved by that state's House and Senate.

FRAK ME!!!

Ken O'Brien

Thirty years of the dominance of the  Reagan reactionary movement has reduced Americans to sniveling serfs hoping that crumbs will drop to their feet from the bountiful tables of their "betters". That is the legacy of trickle down economics, endless foreign military adventurism that matches anything envisioned by George Orwell, and the ascendancy of the rights of corporations over those of individuals.

Americans no longer dream big dreams.

The American dream is no longer a home with a picket fence and a dog in the yard.

The American dream is no longer a better future for our children and our grandchildren.