Hedge fund managers and private speculators are jumping on the fracking bandwagon to promote the heavy production and then export of LNG – Liquefied Natural Gas.
See Barron’s – The World’s Largest LNG Supplier? by John R. Seigel president of J.J. Richardson, a registered investment advisor that manages a hedge fund in Bethesda, Md.
The working plan has already proven to be highly successful in Pennsylvania and Texas where government officials and DEP/DEC regulators are bought off and private industry is given a free reign and powers of eminent domain over the environment and private property. See: Gov. Tom Corbett & Penn. DEP. & Letters from PA. Gas leases signed by landowners have been an integral part of the successful deals giving all the profits and powers to the corporations and leaving all of the liabilities and problems to the local land owners.
The Federal Government has been big part of the ongoing plan in exempting the extraction industry from the Federal clean water and clean air laws thanks to the Halliburton loophole easily passed by the Bush Administration in 2005.
Wall Street hedge funds are set to make a real killing and they can pride themselves in their long term plans to extract as much cheap fossil fuel as possible by fracking the US countryside and then sell it for high profits to provide LNG to China and India for the next generation. It is a no loose situation for any investor.
Fools