report did also say that as well but here i'm going to read you some actual data from the kansas city federal reserve as part of the u.s. federal reserve system and they say the amount of oil they produce in the second year of a fact well is drastically smaller than the amount produced in the first according to an economist at the kansas city federal reserve production on the average well on the back and a key area for fracking shell in north dakota declined sixty nine percent in this first year and more than eighty five percent in its first three years a conventional well might decline by ten percent a year for fracking operations to keep growing they need huge. vestments each and every year to offset the decline from the previous years well while this is going to require a massive bailout so in other words in two thousand and eight the banks over lend it and they get bailed out the creditors got bailed out here they're fractures over wracked with too much borrowed money and they're going to need a massive bailout bill because there are systemic lee important they'll be considered an industry that w

reading to an economist at the kansas city federal reserve production in the average well on the back and a key area for fracking shell in north dakota declined sixty nine percent in its first year and more than eighty five percent in its first three years a conventional well might decline by ten percent a year for fracking operations to keep growing they need huge investments each and every year to offset the decline from the previous years well well this is going to require a massive bailout so in other words in two thousand and eight the banks over lend it and they get bailed out the creditors got bailed out here they're fractures over tracked it with too much borrowed money and they're going to need a massive bailout bill because there are systemic lee important they'll be considered an industry that we can't let go under especially when our in bitter lock competition with the other gas producers of the world and they will get a massive bailout it will be probably the excuse for a quantity for a q.e. for will be ushered in with this bailout this will be the reason for that for tha