F. William Engdahl
US-German author and analyst of geopolitical and economic issues. His newest book is Myths, Lies and Oil Wars. Earlier works include A Century of War : Anglo-American Oil Politics and the New World Order (2011, republished in a new edition) and Gods of Money: Wall Street and the Death of the American Century (2010).
There’s only one thing wrong with all the predictions of a
revitalized United States energy superpower flooding the world with its
shale oil and shale gas. It’s based on a bubble, on hype from the usual
Wall Street spin doctors. In reality it is becoming increasingly clear
that the shale revolution is a short-term flash in the energy pan, a new
Ponzi fraud, carefully built with the aid of the same Wall Street banks
and their “market analyst” friends, many of whom brought us the 2000 “dot.com”
bubble and, more spectacularly, the 2002-2007 US real estate
securitization bubble. A more careful look at the actual performance of
the shale revolution and its true costs is instructive.
US-German author and analyst of geopolitical and economic issues. His newest book is Myths, Lies and Oil Wars. Earlier works include A Century of War : Anglo-American Oil Politics and the New World Order (2011, republished in a new edition) and Gods of Money: Wall Street and the Death of the American Century (2010). 
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