New Poll -- August 17, 2017

Closing out the poll in which we asked: quick, without looking, what percent of GDP does US spend on defense (2016 data)? Answer: a paltry 3.3% (many sources; here's one). Respondents:

• 1.3%: 7%
• 3.3%: 27%
• 5.3%: 21%
• 8.3%: 14%
• 10.35: 31%

Now for a new poll. For background to this story, see this link. Will Warren Buffett prevail? Yes or no. See poll at sidebar at the right.

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Not Necessarily Surprising For Anyone Following Shale

From Platts: UK shale geology not likely to support fracking natural gas.

Too bad. Lots of natural gas "they" can't reach with current technology:

An estimate by the British Geological Survey found in 2013 that Central Britain, which includes the prospective Bowland basin, could hold between 822 and 2,281 Tcf (23.3-64.6 Tcm) of gas-in-place, the lower figure representing P90 reserves -- a 90% probability -- and the higher figure P10 reserves -- a 10% probability. Although these figures are huge in comparison with the UK's proved conventional gas reserves, which at end-2016 were just 7.3 Tcf, they do not represent recoverable gas.