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fracking and the economic meltdown

December 26th, 2012

I’m feeling today quite a bit like I did back in 2006, the year before the economic meltdown– like doom is just around the corner–or at least lurking in the neighborhood.  But it’s not financial missteps that are the cause of my sense of impending doom; it’s fracking.

I can’t help but feel that the country is kind of like a heroin addict; we’re addicted to extravagant use of energy, especially liquid extractive fuels.  We are set on a path of sticking holes into the ground, much as a heroin addict sticks the needle into his body, and injecting poisons; even though we will get a significant rush at first, in the longer run, the body will be ruined.

In 2006, I knew that we would not be able to retire and live in Florida in the new condo we had recently bought, and had to sell that.  It was clear to me that the housing market was about to crash.We did sell it, at a good profit, and used the proceeds to buy our townhouse in South Carolina.  We also were able to sell our house in Vermont, just in time; the realtor kept telling us to hold out for a higher price–but no one was offering a higher price, and I just felt that we better sell while we could; we got what I feel was the best price possible aat the time, and used the proceeds from the sale to invest in our retirement account ( a mixture of bonds and securities).

Sorry, but that’s what the country should be doing now: investing in renewable energy sources–not just for today, but for the inevitable day in the future when we have poisoned our water tables, and the rivers are unpotable.

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