One of the world’s great investment thinkers is convinced fracking is causing earthquakes

by Rachel Baker on February 10, 2014

I’m not quite sure this would be considered news, but here it is. Maybe Grantham’s statements on fracking lends credence to the cause to stop fracking as a natural source of energy.  There is a link to the latest investment letter – which has all sorts of interesting stuff in it.

“To me at least the connection is clear and statistically certain… far more certain than anything I ever see in the stock market or the economy.”

That’s Jeremy Grantham, the highly-regarded co-founder of the $117 billion investment fund GMO, who predicted both the dot com crash of the late 1990s and the subprime meltdown a few years later. Above is an accompanying chart included in his latest investment letter.

Rather than pushing an investment idea here, he’s convinced there’s a causal link between a surge in earthquakes measuring above 3 on the richter scale in the US and the boom in hydraulic fracturing (“fracking”), the controversial drilling technique used to extract oil and gas from shale rock.

Check out the remainder of the article here:
http://qz.com/174990/one-of-the-worlds-great-investment-thinkers-is-convinced-fracking-is-causing-earthquakes/

and here’s the link to the Grantham’s latest investment letter:
http://www.gmo.com/websitecontent/GMO_QtlyLetter_ALL_4Q2013.pdf

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