Texas authorities have confirmed that two bodies recently found in a pit in Midland Texas had been shot. The two bodies are believed to be connected to the disappearance of two teens in 2015. The confirmation that the victims had been shot and then left in the pit raises a series of new questions.
Breitbart News recently noted that the average monthly rent for a one-bedroom apartment in Santa Monica is the most expensive in the nation at $4,799.20. But it is not just Silicon Beach that is booming: the Los Angeles downtown business district (DBD) is in its biggest residential building boom since the 1920s.
A rapid 50 percent increase in the price for U.S. oil to $41 a barrel has set the stage for the second leg of the U.S. fracking boom.
Despite $225 billion in secured debt and prices collapsing by 55 percent, the oil fracking industry continues to boom due to rapidly increasing productivity.
The final version of the California Council on Science & Technology study required under interim approval of hydraulic fracturing in the Golden State just reported that despite public concerns, there is no “science-based evidence” that fracking hurts the environment.
With every OPEC member now at a higher break-even cost than the U.S., it is OPEC members that are at risk of being bankrupted in the second wave of the U.S. oil boom.
The global shock from the release of the U.S. Environmental Protection Agency (EPA) long-postponed draft report stating that hydraulic fracturing (fracking) has not had a “widespread, systemic impact on drinking waste” caused “cheap” natural gas prices to collapse another 16 percent.