Could Fracking trigger the next Financial crisis?

Amid suggestions that America’s fracking boom just might be sitting on a very unstable footing, a pretty strong light is now being shone on this industry, which first entered the scene with great expectations ten years ago.

In her new book, Saudi America: the Truth about Fracking and how its changing the world, Bethany McLean warns that the next GFC could be set off by the financial instability in the fracking industry.

The industry has a very poor track record when it comes to making money, yet some on Wall Street are happy to continue funnelling capital into fracking firms.

Listen to the Podcast here

Geraldine Doogue speaks to Bethany McLean contributing editor at Vanity Fair, author of Saudi America: the Truth about Fracking and how it’s changing the world

See also – Sacrifice Zone: the story of a real Australian gas crisis

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