The Ecologist: Fracking policy and the pollution of British democracy

UK politicians and officials are studiously ignoring the growing evidence that fracking is an economic and environmental disaster, writes Paul Mobbs. As the circle of 'acceptable' view spins ever smaller, industry PR is dominating a phoney debate that's increasingly remote from reality, public opinion and core democratic principles.

During the 2000s the 'fracking boom' in the USA was fuelled by speculative Wall Street finance. When that bubble burst in 2008, the dodgy finance was cut off and the number of drilling rigs collapsed by over 50% within a few months.

Last December, I wrote in The Ecologist of how the 'funny money' from quantitative easing was once more fuelling the number of drilling rigs, supporting the Ponzi-style 'shale bubble'. Just over a week ago I wrote of how that junk-debt-fuelled house of cards was being shaken by the fall in oil prices.
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