Michael Bloomberg on fracking

There is a saying in Bulgarian - apple does not fall far from the tree. Applied to former New York mayor Michael Bloomberg, this could be rephrased as "Bloomberg cannot walk further than Wall St.". But first things first. Few days ago I read the following commentary in New York Times. I was not surprised to see what I read - after all Bloomberg is obviously unable to turn his back to years of Wild West style free market indoctrination, but I at least hoped to read a bit more rational and balanced conclusions. Granted, he acknowledges few very obvious problems of the fracking industry, but that's obviously all a well brainwashed brain could produce, even if the brain itself is from otherwise good quality.

Now, contrast Bloomberg's view with the "official" German position on fracking. If you are not following the german press or cannot read german, the German Ministry of Environment officially took a position that is 180 degree different from Bloomberg's, but using almost the same arguments. Yes, we are living in a crazy world, where same arguments are used from proponents and opponents of a particular subject. And all these is happening although there are so many alternatives to burning and boiling our planet!

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Fracking and climate change

Bulgaria is in an election fiver. From left and right the promises to end the existing fracking ban are turning into a crescendo while the opposition is shying away of being the vocal supporter of the ban as it once was. Even the greens, who were once the power engine behind this legislation developed nowadays a fracking myopia.

In order to keep the debate alive, I would like to remind my readers about another "dark side" of the fracking technology - its significant contribution to the global warming and of course, the climate change. I was warning for several years that it is not possible to avoid gas leakage with this technology. I would go so far to claim, that this gas leakage is the main polluting contributor of the ground water supply.

Now, for the first time, a major study found that methane was being released into the atmosphere at 100 to 1000 times the rate that the US Environmental Protection Agency estimated. This should be a major blow for the energy companies, because now they must pay high carbon taxes and a very clear sign for the fracking lobby.

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