I didn’t understand anything about fracking or horizontal drilling until about 2010, when I first learned about the Eagle Ford. Porter Stansberry Read Quote
There is a belief, at least on the part of the American people, that they can borrow money forever without consequence. Porter Stansberry Read Quote
As you know, the United States has been a net debtor to the world each year since 1976, I believe. We’ve put a huge amount of dollars out into the world and those dollars have to be recycled in some way. Porter Stansberry Read Quote
And I don’t want my assets to be stuck inside a banana republic in the midst of a huge socialist experiment. Porter Stansberry Read Quote
I was very bearish on natural gas for many years, pretty much from 2006 on. There was a tremendous natural gas bubble in the United States. Porter Stansberry Read Quote
I think what’s happened to America, in a cultural sense, is we stopped getting richer as a country in the early 1970s, but we haven’t adjusted our consumption patterns in any way, shape or form to meet the realities of the new lower income. Porter Stansberry Read Quote
You can tax the rich to pay for current spending. You can even tax them very heavily. But when the rich look forward for decades and see nothing but increasing taxes, debts, and government control of their businesses and assets – they will leave. Porter Stansberry Read Quote
