Our Times 3

Nafeez Mosaddeq Ahmed

  • What Happens When the Shale Boom Goes Boom?

    Rather than ushering in a new wave of lasting prosperity, the eventual consequence of the gas glut is likely to be an unsustainable shale bubble, fuelling a temporary recovery that masks deeper structural instabilities. When the bubble bursts under the weight of its own debt obligations, there will be a collapse in supply and a spike in prices, with serious economic consequences.

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