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Fracking Financing = Ponzi Scheme?

Fracking Financing = Ponzi Scheme?

Mike Stagg, a film maker and community activist, gives a great recap and an update on Helis Oil & Gas’ scheme to frack in St. Tammany Parish.  Of particular interest, Mike discusses how falling oil prices exposes an ugly financial secret about fracking. He says, “fracking is like a Ponzi scheme in that companies must […]

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