MAX KEISER BLOG

Max Keiser and Stacy Herbert discuss the Red Queen syndrome of running to stay in the same place - from money printing to fracking, more and more capital and energy are deployed just to stay economically even. In the second half, Max interviews Gregor Macdonald of Gregor.us about fracking, tight oil and the mythical future in which America is an oil giant - especially if oil prices EVER fall below $80 per barrel.

In this edition of Press TV's On the Edge, discusses the crisis in the energy market and its relation with the credit market. Max Keiser and his guest, Gregor Macdonald , basically argue that the two issues are strictly tied to each other and the fall in production of oil, puts the credit market in danger. Ironically, a sharp increase in fossil fuel production has triggered a climate change and has made the coal industry, for instance, to go offline.